Stricken language would be deleted from and underlined language would be added to present law.
Act 61 of the Regular Session
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State of Arkansas 1
95th General Assembly A Bill 2
Regular Session, 2025 SENATE BILL 66 3
4
By: Joint Budget Committee 5
6
For An Act To Be Entitled 7
AN ACT TO MAKE AN APPROPRIATION FOR PERSONAL SERVICES 8
AND OPERATING EXPENSES FOR THE ARKANSAS TEACHER 9
RETIREMENT SYSTEM FOR THE FISCAL YEAR ENDING JUNE 30, 10
2026; AND FOR OTHER PURPOSES. 11
12
13
Subtitle 14
AN ACT FOR THE ARKANSAS TEACHER 15
RETIREMENT SYSTEM APPROPRIATION FOR THE 16
2025-2026 FISCAL YEAR. 17
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BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 20
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SECTION 1. REGULAR SALARIES. There is hereby established for the 22
Arkansas Teacher Retirement System for the 2025-2026 fiscal year, the 23
following maximum number of regular employees. 24
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Maximum Annual 26
Maximum Salary Rate 27
Item Class No. of Fiscal Year 28
No. Code Title Employees 2025-2026 29
(1) U010U ATRS DIRECTOR 1 GRADE SE04 30
(2) U079U ATRS DEPUTY DIRECTOR 2 GRADE SE01 31
(3) D013N ATRS ASSOC DIR OF INFORMATION TECHNO 1 GRADE IT11 32
(4) D007C INFORMATION SYSTEMS MANAGER 1 GRADE IT08 33
(5) D030C INFORMATION SYSTEMS COORDINATOR 1 GRADE IT07 34
(6) D038C SENIOR SOFTWARE SUPPORT ANALYST 1 GRADE IT06 35
(7) D022C SYSTEMS SPECIALIST 2 GRADE IT06 36 SB66
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(8) D052C SOFTWARE SUPPORT ANALYST 1 GRADE IT05 1
(9) N093N ATRS ASSOCIATE DIRECTOR FISCAL AFFAIRS 1 GRADE GS14 2
(10) N092N ATRS ASSOCIATE DIRECTOR OF OPERATIONS 2 GRADE GS14 3
(11) A006N ATRS INTERNAL AUDITOR 1 GRADE GS14 4
(12) G019C GENERAL COUNSEL 1 GRADE GS13 5
(13) A021C AGENCY CONTROLLER I 1 GRADE GS12 6
(14) R013C AGENCY HUMAN RESOURCES MANAGER 1 GRADE GS11 7
(15) G047C ATTORNEY SPECIALIST 1 GRADE GS11 8
(16) A110C SENIOR INVESTMENT MANAGER 1 GRADE GS11 9
(17) G041C ATRS MEMBER SERVICES ADMINISTRATOR 1 GRADE GS10 10
(18) A038C FISCAL SUPPORT MANAGER 1 GRADE GS09 11
(19) A037C INVESTMENT MANAGER 3 GRADE GS09 12
(20) A034C RETIREMENT SECTION MANAGER 6 GRADE GS09 13
(21) A082C ACCOUNTANT II 3 GRADE GS08 14
(22) A062C RETIREMENT COORDINATOR 5 GRADE GS08 15
(23) A061C RETIREMENT INVESTMENT SPECIALIST 1 GRADE GS08 16
(24) A089C ACCOUNTANT I 6 GRADE GS07 17
(25) R024C ASSISTANT PERSONNEL MANAGER 1 GRADE GS07 18
(26) C010C EXECUTIVE ASSISTANT TO THE DIRECTOR 2 GRADE GS07 19
(27) A078C RETIREMENT COUNSELOR 21 GRADE GS07 20
(28) C037C ADMINISTRATIVE ANALYST 4 GRADE GS06 21
(29) R027C BUDGET SPECIALIST 1 GRADE GS06 22
(30) A083C RETIREMENT ANALYST 2 GRADE GS06 23
(31) R033C BENEFITS ANALYST 2 GRADE GS05 24
(32) V014C BUYER 1 GRADE GS05 25
(33) C056C ADMINISTRATIVE SPECIALIST III 3 GRADE GS04 26
(34) R037C BENEFITS TECHNICIAN 2 GRADE GS04 27
(35) A098C FISCAL SUPPORT SPECIALIST 2 GRADE GS04 28
(36) S050C MAINTENANCE SPECIALIST 1 GRADE GS03 29
MAX. NO. OF EMPLOYEES 87 30
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SECTION 2. EXTRA HELP. There is hereby authorized, for the Arkansas 32
Teacher Retirement System for the 2025-2026 fiscal year, the following 33
maximum number of part -time or temporary employees, to be known as "Extra 34
Help", payable from funds appropriated herein for such purposes: twenty (20) 35
temporary or part-time employees, when needed, at rates of pay not to exceed 36 SB66
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those provided in the Uniform Classification and Compensation Act, or its 1
successor, or this act for the appropriate classification. 2
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SECTION 3. APPROPRIATION - OPERATIONS. There is hereby appropriated, 4
to the Arkansas Teacher Retirement System , to be payable from the Teacher 5
Retirement Fund, for personal services and operating expenses of the Arkansas 6
Teacher Retirement System for the fiscal year ending June 30, 2026, the 7
following: 8
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ITEM FISCAL YEAR 10
NO. 2025-2026 11
(01) REGULAR SALARIES $5,283,282 12
(02) EXTRA HELP 400,000 13
(03) PERSONAL SERVICES MATCHING 1,902,011 14
(04) OVERTIME 50,000 15
(05) MAINT. & GEN. OPERATION 16
(A) OPER. EXPENSE 2,200,000 17
(B) CONF. & TRAVEL 30,759 18
(C) PROF. FEES 558,115 19
(D) CAP. OUTLAY 0 20
(E) DATA PROC. 0 21
(06) BENEFITS 180,000,000 22
(07) REFUNDS/REIMBURSEMENTS 15,000,000 23
(08) DATA PROCESSING SERVICES 250,000 24
(09) INVESTMENT CONSULTANTS 3,500,000 25
(10) DISCOUNT BUYOUT PLAN 9,000,000 26
TOTAL AMOUNT APPROPRIATED $218,174,167 27
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SECTION 4. APPROPRIATION - CASH. There is hereby appropriated, to the 29
Arkansas Teacher Retirement System , to be payable from cash funds as defined 30
by Arkansas Code ยง19 -4-801, for payments to beneficiaries by check or wire 31
transfer, by the Arkansas Teacher Retirement System for the fiscal year 32
ending June 30, 2026, the following: 33
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ITEM FISCAL YEAR 35
NO. 2025-2026 36 SB66
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(01) BENEFITS-NON EMPLOYEE $1,700,000,000 1
(02) REFUNDS/REIMBURSEMENTS 6,000,000 2
TOTAL AMOUNT APPROPRIATED $1,706,000,000 3
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SECTION 5. COMPLIANCE WITH OTHER LAWS. Disbursement of funds 5
authorized by this act shall be limited to the appropriation for such agency 6
and funds made available by law for the support of such appropriations; and 7
the restrictions of the State Procurement Law, the General Accounting and 8
Budgetary Procedures Law, the Revenue Stabilization Law, the Regular Salary 9
Procedures and Restrictions Act, or their successors, and other fiscal 10
control laws of this State, where applicable, and regulations promulgated by 11
the Department of Finance and Administration, as authorized by law, shall be 12
strictly complied with in disbursement of said funds. 13
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SECTION 6. LEGISLATIVE INTENT. It is the intent of the General 15
Assembly that any funds disbursed under the authority of the appropriations 16
contained in this act shall be in compliance with the stated reasons for 17
which this act was adopted, as evidenced by the Agency Requests, Executive 18
Recommendations and Legislative Recommendations contained in the budget 19
manuals prepared by the Department of Finance and Administration, letters, or 20
summarized oral testimony in the official minutes of the Arkansas Legislative 21
Council or Joint Budget Committee which relate to its passage and adoption. 22
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SECTION 7. EMERGENCY CLAUSE. It is found and determined by the General 24
Assembly, that the Constitution of the State of Arkansas prohibits the 25
appropriation of funds for more than a one (1) year period; that the 26
effectiveness of this Act on July 1, 2025 is essential to the operation of 27
the agency for which the appropriations in this Act are provided, and that in 28
the event of an extension of the legislative session, the delay in the 29
effective date of this Act beyond July 1, 2025 could work irreparable harm 30
upon the proper administration and provision of essential governmental 31
programs. Therefore, an emergency is hereby declared to exist and this Act 32
being necessary for the immediate preservation of the public peace, health 33
and safety shall be in full force and effect from and after July 1, 2025. 34
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APPROVED: 2/13/25 36