House Bill
HB1111:
Clarifies the age that members under Police and Fire Retirement Pension funds begin to receive fund distributions
Sponsor
Bill Primary sponsors
Warren
Cosponsors
Filed: 1/11/2023 4:36:44 PM
Original Title
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.
Summary
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.
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Status
Signed into law
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