TO AMEND THE LAW CONCERNING THE ARKANSAS PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE STATE POLICE RETIREMENT SYSTEM.

SB 79 proposed changes to the Arkansas Public Employees' Retirement System (APERS) and the State Police Retirement System (SPRS). It would have allowed certain noncontributory members, including elected officials, who erroneously retired from both systems when changing employment to adjust their retirement date by filing an affidavit. Additionally, the bill aimed to permit members in the APERS Deferred Retirement Option Plan (DROP) to change their selected retirement annuity one time, a choice previously irrevocable. This change would require an affidavit and, if applicable, repayment of any difference in benefits received.