All Roll Calls
Yes: 127 • No: 0
ArkansasHB11202025 Regular SessionHouseWALLET
AN ACT FOR THE ARKANSAS PUBLIC EMPLOYEES RETIREMENT SYSTEM APPROPRIATION FOR THE 2025-2026 FISCAL YEAR.
Sponsored By: Joint Budget Committee
Enacted
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Bill Overview
Analyzed Economic Effects
5 provisions identified: 5 benefits, 0 costs, 0 mixed.
Funding for Arkansas public employee pensions
For July 1, 2025–June 30, 2026, the law funds the Arkansas Public Employees Retirement System (APERS). Its $725 million cash budget includes $675 million for benefits and $50 million for refunds or reimbursements. A separate fund budget totals about $142.74 million, including $40 million for non-employee benefits and $85 million for refunds or reimbursements. APERS can employ up to 78 regular staff and six temporary or part-time workers. Temporary workers' pay cannot exceed state pay-law limits. Benefit payments go by check or wire transfer; the law does not change individual benefit calculations.
Flexible budgets for public employee pension payments
From July 1, 2025–June 30, 2026, APERS can make certain budget transfers without prior legislative committee review. This covers transfers between its cash benefits and refund lines and its operating budget's non-employee benefit line. Transfers must be needed because retirees change how they receive pension payments; other state transfer rules still apply. All spending remains within approved amounts and must follow state budget, purchasing, salary, and finance rules. The exemption does not change benefit amounts or create new duties for retirees.
Funding for Arkansas judges' pensions
For July 1, 2025–June 30, 2026, the law funds Judicial Retirement System payments and operations. Its $21 million cash budget includes $20.75 million for benefits and $250,000 for refunds or reimbursements. A separate Judges Retirement Fund budget totals about $8.65 million. That includes $500,000 for non-employee benefits and $8 million for refunds or reimbursements. Benefit payments go by check or wire transfer; individual benefit calculations do not change.
Funding for Arkansas state police pensions
For July 1, 2025–June 30, 2026, the law funds State Police Retirement System payments and operations. Its $32.5 million cash budget includes $31 million for benefits and $1.5 million for refunds or reimbursements. A separate State Police Retirement Fund budget totals about $30.29 million. That includes $5 million for non-employee benefits and $25 million for refunds or reimbursements. Benefit payments go by check or wire transfer; individual benefit calculations do not change.
Shared funding for police and judicial pensions
For July 1, 2025–June 30, 2026, retirement funds can transfer limited amounts to APERS for shared administration. The Judges Retirement Fund can transfer up to $150,000, and the State Police Retirement Fund up to $250,000. Each system can also transfer up to $50,000 for its pension technology. Technology money can cover buying, setting up, maintaining, and operating the pension administration system. The state's Chief Fiscal Officer must approve each transfer; these powers expire June 30, 2026, without changing individual benefits.
Sponsors & Cosponsors
Sponsor
Joint Budget Committee
Affiliation unavailable
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
Senate vote • 2/11/2025
Senate Vote - Tuesday, February 11, 2025 2:28:34 PM
Yes: 32 • No: 0 • Other: 1
House vote • 2/10/2025
House Vote - Monday, February 10, 2025 3:12:02 PM
Yes: 95 • No: 0 • Other: 2
Actions Timeline
Notification that HB1120 is now Act 85
2/13/2025HouseCorrectly enrolled and ordered transmitted to the Governor's Office.
2/11/2025HouseTO BE ENROLLED
2/11/2025HouseReturned from the Senate as passed.
2/11/2025HouseReturned to the House as Passed.
2/11/2025SenateEMERGENCY CLAUSE ADOPTED
2/11/2025SenateRead the third time and passed.
2/11/2025SenateRead the first time, rules suspended, read the second time and placed on the calendar.
2/10/2025SenateReceived from the House.
2/10/2025SenateEMERGENCY CLAUSE ADOPTED
2/10/2025HouseRead the third time and passed and ordered transmitted to the Senate.
2/10/2025HouseConsidered in the Committee of the Whole, and recommended do pass.
2/10/2025HouseRULES SUSPENDED
2/10/2025HouseReturned by the Committee Do Pass
2/6/2025HouseRead the first time, rules suspended, read the second time and referred to the Committee on JOINT BUDGET COMMITTEE
1/14/2025HouseFiled
1/14/2025House
Bill Text
HB1120 - Introduced
1/14/2025
Act Version
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