All Roll Calls
Yes: 131 • No: 0
ArkansasSB662025 Regular SessionSenateWALLET
AN ACT FOR THE ARKANSAS TEACHER RETIREMENT SYSTEM APPROPRIATION FOR THE 2025-2026 FISCAL YEAR.
Sponsored By: Joint Budget Committee
Enacted
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Funding supports Arkansas teacher retirement payments
The law funds the Arkansas Teacher Retirement System from July 1, 2025, through June 30, 2026. It provides $1.706 billion in cash funds for payments by check or wire: $1.7 billion for benefits and $6 million for refunds and reimbursements. A separate Teacher Retirement Fund budget provides about $218.17 million for payments and system costs. That includes $180 million for benefits, $15 million for refunds and reimbursements, and $9 million for the discount buyout plan. The system can employ up to 87 regular workers and 20 temporary or part-time workers. Temporary and part-time pay cannot exceed the applicable job rates under state pay law or this act. Spending must stay within approved amounts and available funds, follow state purchasing and budget laws, and match approved budget purposes. This funding does not change individual benefit amounts or eligibility.
Sponsors & Cosponsors
Sponsor
Joint Budget Committee
Affiliation unavailable
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 2/11/2025
House Vote - Tuesday, February 11, 2025 2:10:20 PM
Yes: 99 • No: 0
Senate vote • 2/10/2025
Senate Vote - Monday, February 10, 2025 2:36:59 PM
Yes: 32 • No: 0 • Other: 1
Actions Timeline
Notification that SB66 is now Act 61
2/17/2025SenateDELIVERED TO GOVERNOR.
2/11/2025SenateReported correctly enrolled and ordered delivered to the Governor.
2/11/2025SenateORDERED ENROLLED
2/11/2025SenateReturned from the House as passed.
2/11/2025SenateReturned To Senate as Passed.
2/11/2025HouseEMERGENCY CLAUSE ADOPTED
2/11/2025HouseRead the third time and passed and ordered transmitted to the Senate.
2/11/2025HouseConsidered in the Committee of the Whole, and recommended do pass.
2/11/2025HouseRULES SUSPENDED
2/11/2025HouseRead the first time, rules suspended, read the second time and placed on the CALENDAR.
2/10/2025HouseRECEIVED FROM THE SENATE
2/10/2025HouseOrdered Immediately transmitted to the House.
2/10/2025SenateEMERGENCY CLAUSE ADOPTED
2/10/2025SenateRead the third time and passed.
2/10/2025SenateReturned by the Committee, with the recommendation that it Do Pass
2/6/2025SenateRead first time, rules suspended, read second time, referred to JOINT BUDGET COMMITTEE
1/15/2025SenateFiled
1/15/2025Senate
Bill Text
SB66 - Introduced
1/15/2025
Act Version
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