To Authorize The Introduction Of A Nonappropriation Bill To Clarify The Definition Of "eligible Inactive Retiree" And To Modify The Eligibility Of Retirees To Participate In The Life And Health Insurance Program.
Impact
The proposed changes under SR5 impact Arkansas state laws regarding the coverage of retirees. By amending the eligibility criteria, the bill aims to provide better access to health benefits for those who have served in public office but may not yet have reached the retirement age. This shift represents a response to concerns about the adequacy of health benefits available to public school and state employees, acknowledging the unique circumstances faced by retirees who have not yet transitioned fully into retirement.
Summary
Senate Resolution 5 (SR5) introduces a bill aimed at clarifying the definition of 'eligible inactive retiree' and modifying the eligibility criteria for retirees to participate in the State and Public School Life and Health Insurance Program. The bill specifies that an 'eligible inactive retiree' refers to former members of the General Assembly or state-elected officers who have enough credited service to qualify for retirement benefits but have not yet reached the retirement age. To enroll in the insurance program, these individuals must have participated for at least five cumulative years prior to retirement.
Contention
While SR5 is primarily intended to ensure the longevity and efficiency of the State and Public School Life and Health Insurance Program, there are points of contention regarding the ramifications of these changes. Critics may argue that the bill could impose additional financial burdens on retirees who qualify and are subsequently required to pay the full premium costs for the plan options they select. Furthermore, there could be concerns about the timing and necessity of declaring an emergency related to these changes, suggesting that the program's need for reform might not be as urgent as stated.
To Authorize The Introduction Of A Nonappropriation Bill To Amend The Arkansas Data Centers Act Of 2023 And To Prohibit Foreign-party-controlled Ownership Of A Digital Asset Mining Business.
To Authorize The Introduction Of A Nonappropriation Bill To Amend The Arkansas Data Centers Act Of 2023 And To Prohibit Foreign-party-controlled Ownership Of A Digital Asset Mining Business.
To Authorize The Introduction Of A Nonappropriation Bill To Amend The Revenue Stabilization Law, To Create Funds, To Repeal Funds, And To Make Transfers To And From Funds And Fund Accounts.
To Authorize The Introduction Of A Nonappropriation Bill To Amend The Revenue Stabilization Law, To Create Funds, To Repeal Funds, And To Make Transfers To And From Funds And Fund Accounts.
To Authorize The Introduction Of A Nonappropriation Bill Amending The Revenue Stabilization Law, Creating Funds, Repealing Funds, And Making Transfers To And From Funds And Fund Accounts.
To Authorize The Introduction Of A Nonappropriation Bill Amending The Revenue Stabilization Law, Creating Funds, Repealing Funds, And Making Transfers To And From Funds And Fund Accounts.
To Authorize The Introduction Of A Nonappropriation Bill To Clarify The Definition Of "eligible Inactive Retiree" And To Modify The Eligibility Of Retirees To Participate In The Life And Health Insurance Program.
To Clarify The Definition Of "eligible Inactive Retiree"; To Modify The Eligibility Of Retirees To Participate In The State And Public School Life And Health Insurance Program; And To Declare An Emergency.
AN ACT to amend Tennessee Code Annotated, Title 8, Chapter 25; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37, relative to retirement.
AN ACT to amend Tennessee Code Annotated, Title 8, Chapter 25; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37, relative to retirement.