Clarifies the age that members under Police and Fire Retirement Pension funds begin to receive fund distributions
Bill Primary sponsors
Filed: 1/11/2023 4:36:44 PM
To amend the age in which members of certain plans under the Arkansas Local Police and Fire Retirement System and Local Police and Fire Pension and Relief Funds begin to receive fund distributions.
What it does
This bill raises the age at which participants can start drawing police and fire retirement and pension funds: from 72 years told to 73 years old for those turning 73 over the next 10 years, and to 75 years old for those who turn 74 in or after 2033.
Signed into law
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