AN ACT FOR THE ARKANSAS PUBLIC EMPLOYEES RETIREMENT SYSTEM APPROPRIATION FOR THE 2026-2027 FISCAL YEAR.

Stricken language would be deleted from and underlined language would be added to present law.
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State of Arkansas 1
95th General Assembly A Bill 2
Fiscal Session, 2026 HOUSE BILL 1063 3
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By: Joint Budget Committee 5
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For An Act To Be Entitled 8
AN ACT TO MAKE AN APPROPRIATION FOR PERSONAL SERVICES 9
AND OPERATING EXPENSES FOR THE ARKANSAS PUBLIC 10
EMPLOYEES RETIREMENT SYSTEM FOR THE FISCAL YEAR 11
ENDING JUNE 30, 2027; AND FOR OTHER PURPOSES. 12
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Subtitle 15
AN ACT FOR THE ARKANSAS PUBLIC EMPLOYEES 16
RETIREMENT SYSTEM APPROPRIATION FOR THE 17
2026-2027 FISCAL YEAR. 18
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BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 21
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SECTION 1. REGULAR SALARIES. There is hereby established for the 23
Arkansas Public Employees Retirement System for the 2026-2027 fiscal year, 24
the following maximum number of regular employees. 25
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Maximum Annual 27
Maximum Salary Rate 28
Item Class No. of Fiscal Year 29
No. Code Title Employees 2026-2027 30
(1) EEX36A RETIREMENT SYSTEM DIRECTOR 1 GRADE EXE03 31
(2) PRE06C RETIREMENT SYSTEM INVESTMENT DIR 1 GRADE SPC10 32
(3) LAT06C ATTORNEY IV 1 GRADE SPC09 33
(4) FAC08C CHIEF FISCAL OFFICER I 1 GRADE SPC09 34
(5) PRE03C RETIREMENT SYSTEM ADMINISTRATOR 2 GRADE SPC08 35
(6) PRE05C RETIREMENT SYSTEM DEPUTY DIRECTOR 2 GRADE SPC08 36
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(7) CMA02C MARKETING DIRECTOR 1 GRADE SPC05 1
(8) LAT04P ATTORNEY II 1 GRADE SPC05 2
(9) FAC07P CERTIFIED PUBLIC ACCOUNTANT 1 GRADE SPC05 3
(10) FAC05P ACCOUNTING SUPERVISOR/EXPERT 1 GRADE SPC04 4
(11) FAC03P ACCOUNTING COORDINATOR 1 GRADE SPC03 5
(12) FAC02P ACCOUNTANT II 9 GRADE SPC02 6
(13) FAU04P AUDITOR II 1 GRADE SPC02 7
(14) FIN04P INVESTMENT ANALYST 1 GRADE SPC01 8
(15) CTR03C TRAINING MANAGER 1 GRADE SGS10 9
(16) HDH08P HR SUPERVISOR/EXPERT 1 GRADE SGS08 10
(17) PRE07P RETIREMENT SYSTEM SUPERVISOR/EXPERT 3 GRADE SGS08 11
(18) HDH05P HR COORDINATOR 1 GRADE SGS07 12
(19) PRE04P RETIREMENT SYSTEM COORDINATOR 6 GRADE SGS07 13
(20) PRE02P RETIREMENT COUNSELOR II 16 GRADE SGS06 14
(21) PRE01P RETIREMENT COUNSELOR I 11 GRADE SGS05 15
(22) PAS02P ADMINISTRATIVE COORDINATOR 3 GRADE SGS04 16
(23) HBE01P BENEFITS ANALYST 1 GRADE SGS04 17
(24) FFS04P FISCAL SUPPORT SPECIALIST 5 GRADE SGS04 18
(25) IDA01C DATA ARCHITECT 1 GRADE IST13 19
(26) IIS05C IT INFRASTRUCTURE ARCHITECT 1 GRADE IST11 20
(27) IIA01C CHIEF INFORMATION OFFICER I 1 GRADE IST10 21
(28) IIS06P IT INFRASTRUCTURE COORDINATOR 1 GRADE IST08 22
(29) IUS01P USER SUPPORT ANALYST 1 GRADE IST04 23
(30) FFSO2P FISCAL SUPPORT COORDINATOR 1 GRADE SGS06 24
MAX. NO. OF EMPLOYEES 78 25
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SECTION 2. EXTRA HELP. There is hereby authorized, for the Arkansas 27
Public Employees Retirement System for the 2026-2027 fiscal year, the 28
following maximum number of part-time or temporary employees, to be known as 29
"Extra Help", payable from funds appropriated herein for such purposes: six 30
(6) temporary or part-time employees, when needed, at rates of pay not to 31
exceed those provided in the Uniform Classification and Compensation Act, or 32
its successor, or this act for the appropriate classification. 33
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SECTION 3. APPROPRIATION - PUBLIC EMPLOYEES RETIREMENT - OPERATIONS. 35
There is hereby appropriated, to the Arkansas Public Employees Retirement 36
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System, to be payable from the Arkansas Public Employees' Retirement System 1
Fund, for personal services and operating expenses of the Arkansas Public 2
Employees Retirement System for the fiscal year ending June 30, 2027, the 3
following: 4
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ITEM FISCAL YEAR 6
NO. 2026-2027 7
(01) REGULAR SALARIES $4,773,961 8
(02) EXTRA HELP 75,000 9
(03) PERSONAL SERVICES MATCHING 1,686,925 10
(04) MAINT. & GEN. OPERATION 11
(A) OPER. EXPENSE 2,137,473 12
(B) CONF. & TRAVEL 67,500 13
(C) PROF. FEES 2,000,000 14
(D) CAP. OUTLAY 0 15
(E) DATA PROC. 0 16
(05) BENEFITS-NON EMPLOYEE 40,000,000 17
(06) REFUNDS/REIMBURSEMENTS 85,000,000 18
(07) DATA PROCESSING SERVICES 7,000,000 19
TOTAL AMOUNT APPROPRIATED $142,740,859 20
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SECTION 4. APPROPRIATION - PUBLIC EMPLOYEES RETIREMENT - CASH. There 22
is hereby appropriated, to the Arkansas Public Employees Retirement System, 23
to be payable from cash funds as defined by Arkansas Code §19-4-801, for 24
payment to beneficiaries by check or wire transfer, by the Arkansas Public 25
Employees Retirement System for the fiscal year ending June 30, 2027, the 26
following: 27
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ITEM FISCAL YEAR 29
NO. 2026-2027 30
(01) BENEFITS $675,000,000 31
(02) REFUNDS/REIMBURSEMENTS 50,000,000 32
TOTAL AMOUNT APPROPRIATED $725,000,000 33
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SECTION 5. APPROPRIATION - STATE POLICE RETIREMENT - OPERATIONS. There 35
is hereby appropriated, to the Arkansas Public Employees Retirement System, 36
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to be payable from the State Police Retirement Fund, for operating expenses 1
of the State Police Retirement System, by the Arkansas Public Employees 2
Retirement System for the fiscal year ending June 30, 2027, the following: 3
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ITEM FISCAL YEAR 5
NO. 2026-2027 6
(01) MAINT. & GEN. OPERATION 7
(A) OPER. EXPENSE $20,000 8
(B) CONF. & TRAVEL 0 9
(C) PROF. FEES 265,950 10
(D) CAP. OUTLAY 0 11
(E) DATA PROC. 0 12
(02) BENEFITS-NON EMPLOYEE 5,000,000 13
(03) REFUNDS/REIMBURSEMENTS 25,000,000 14
TOTAL AMOUNT APPROPRIATED $30,285,950 15
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SECTION 6. APPROPRIATION - STATE POLICE RETIREMENT - CASH. There is 17
hereby appropriated, to the Arkansas Public Employees Retirement System, to 18
be payable from cash funds as defined by Arkansas Code §19-4-801, for payment 19
to beneficiaries of the State Police Retirement System by check or wire 20
transfer, by the Arkansas Public Employees Retirement System for the fiscal 21
year ending June 30, 2027, the following: 22
23
ITEM FISCAL YEAR 24
NO. 2026-2027 25
(01) BENEFITS $31,000,000 26
(02) REFUNDS/REIMBURSEMENTS 1,500,000 27
TOTAL AMOUNT APPROPRIATED $32,500,000 28
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SECTION 7. APPROPRIATION - JUDICIAL RETIREMENT - OPERATIONS. There is 30
hereby appropriated, to the Arkansas Public Employees Retirement System, to 31
be payable from the Judges Retirement Fund, for operating expenses of the 32
Judicial Retirement System, by the Arkansas Public Employees Retirement 33
System for the fiscal year ending June 30, 2027, the following: 34
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ITEM FISCAL YEAR 36
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NO. 2026-2027 1
(01) MAINT. & GEN. OPERATION 2
(A) OPER. EXPENSE $12,000 3
(B) CONF. & TRAVEL 0 4
(C) PROF. FEES 140,879 5
(D) CAP. OUTLAY 0 6
(E) DATA PROC. 0 7
(02) BENEFITS-NON EMPLOYEE 500,000 8
(03) REFUNDS/REIMBURSEMENTS 8,000,000 9
TOTAL AMOUNT APPROPRIATED $8,652,879 10
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SECTION 8. APPROPRIATION - JUDICIAL RETIREMENT - CASH. There is hereby 12
appropriated, to the Arkansas Public Employees Retirement System, to be 13
payable from cash funds as defined by Arkansas Code §19-4-801, for payment to 14
beneficiaries of the Judicial Retirement System by check or wire transfer, by 15
the Arkansas Public Employees Retirement System for the fiscal year ending 16
June 30, 2027, the following: 17
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ITEM FISCAL YEAR 19
NO. 2026-2027 20
(01) BENEFITS $20,750,000 21
(02) REFUNDS/REIMBURSEMENTS 250,000 22
TOTAL AMOUNT APPROPRIATED $21,000,000 23
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SECTION 9. SPECIAL LANGUAGE. NOT TO BE INCORPORATED INTO THE ARKANSAS 25
CODE NOR PUBLISHED SEPARATELY AS SPECIAL, LOCAL AND TEMPORARY LAW. JUDICIAL 26
RETIREMENT FUND TRANSFERS. A sum not to exceed $150,000 in the 2025-2026 27
2026-2027 fiscal year may be transferred from the Judges Retirement Fund to 28
the Arkansas Public Employees' Retirement System Fund for costs incurred by 29
the Arkansas Public Employees Retirement System in administering the Judicial 30
Retirement System. Such transfer request shall be made to the Chief Fiscal 31
Officer of the State, and upon his approval, said transfer shall be made on 32
his books and those of the Treasurer of the State and the Auditor of the 33
State. 34
The provisions of this section shall be in effect only from July 1, 2025 35
2026 through June 30, 2026 2027. 36
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1
SECTION 10. SPECIAL LANGUAGE. NOT TO BE INCORPORATED INTO THE ARKANSAS 2
CODE NOR PUBLISHED SEPARATELY AS SPECIAL, LOCAL AND TEMPORARY LAW. STATE 3
POLICE RETIREMENT FUND TRANSFERS. A sum not to exceed $250,000 in the 2025-4
2026 2026-2027 fiscal year may be transferred from the State Police 5
Retirement Fund to the Arkansas Public Employees' Retirement System Fund for 6
costs incurred by the Arkansas Public Employees Retirement System in 7
administering the State Police Retirement System. Such transfer request 8
shall be made to the Chief Fiscal Officer of the State, and upon his 9
approval, said transfer shall be made on his books and those of the Treasurer 10
of the State and the Auditor of the State. 11
The provisions of this section shall be in effect only from July 1, 2025 12
2026 through June 30, 2026 2027. 13
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SECTION 11. SPECIAL LANGUAGE. NOT TO BE INCORPORATED INTO THE ARKANSAS 15
CODE NOR PUBLISHED SEPARATELY AS SPECIAL, LOCAL AND TEMPORARY LAW. EXEMPTION 16
FROM PRIOR REVIEW. The Arkansas Public Employees Retirement System is hereby 17
exempted from seeking prior review by the Arkansas Legislative Council or 18
Joint Budget Committee with regard to transfers between the Benefits and 19
Refund line items in the Public Employees Retirement Cash appropriation 20
section and the Benefits-Non Employee line item in the Public Employees 21
Retirement Operations appropriation section which are specifically related to 22
transfers necessitated by the changes in retirees' selection of the method of 23
payment of retirement benefits. All other provisions of Arkansas Code §19-4-24
513 shall be applicable. 25
The provisions of this section shall be in effect only from July 1, 2025 26
2026 through June 30, 2026 2027. 27
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SECTION 12. SPECIAL LANGUAGE. NOT TO BE INCORPORATED INTO THE ARKANSAS 29
CODE NOR PUBLISHED SEPARATELY AS SPECIAL, LOCAL AND TEMPORARY LAW. SPECIAL 30
STATE POLICE RETIREMENT FUND TRANSFERS. A sum not to exceed $50,000 may be 31
transferred from the State Police Retirement Fund to the Arkansas Public 32
Employees' Retirement System Fund to share in the costs incurred by the 33
Arkansas Public Employees Retirement System in the purchase and 34
implementation of a new, and for the ongoing maintenance and operation of the 35
pension administration system, which is utilized to administer State Police 36
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pension transactions for members and retirees. Said transfer shall sunset at 1
the end of fiscal year 2026 2027. Such transfer request shall be made to the 2
Chief Fiscal Officer of the State, and upon his approval, said transfer shall 3
be made on his books and those of the Treasurer of the State and the Auditor 4
of the State. 5
The provisions of this section shall be in effect only from July 1, 2025 6
2026 through June 30, 2026 2027. 7
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SECTION 13. SPECIAL LANGUAGE. NOT TO BE INCORPORATED INTO THE ARKANSAS 9
CODE NOR PUBLISHED SEPARATELY AS SPECIAL, LOCAL AND TEMPORARY LAW. SPECIAL 10
JUDICIAL RETIREMENT FUND TRANSFERS. A sum not to exceed $50,000 may be 11
transferred from the Judicial Retirement Fund to the Arkansas Public 12
Employees' Retirement System Fund to share in the costs incurred by the 13
Arkansas Public Employees Retirement System in the purchase and 14
implementation of a new, and for the ongoing maintenance and operation of the 15
pension administration system, which is utilized to administer Judicial 16
pension transactions for members and retirees. Said transfer shall sunset at 17
the end of fiscal year 2026 2027. Such transfer request shall be made to the 18
Chief Fiscal Officer of the State, and upon his approval, said transfer shall 19
be made on his books and those of the Treasurer of State and the Auditor of 20
the State. 21
The provisions of this section shall be in effect only from July 1, 2025 22
2026 through June 30, 2026 2027. 23
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SECTION 14. COMPLIANCE WITH OTHER LAWS. Disbursement of funds 25
authorized by this act shall be limited to the appropriation for such agency 26
and funds made available by law for the support of such appropriations; and 27
the restrictions of the State Procurement Law, the General Accounting and 28
Budgetary Procedures Law, the Revenue Stabilization Law, the Regular Salary 29
Procedures and Restrictions Act, or their successors, and other fiscal 30
control laws of this State, where applicable, and regulations promulgated by 31
the Department of Finance and Administration, as authorized by law, shall be 32
strictly complied with in disbursement of said funds. 33
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SECTION 15. LEGISLATIVE INTENT. It is the intent of the General 35
Assembly that any funds disbursed under the authority of the appropriations 36
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contained in this act shall be in compliance with the stated reasons for 1
which this act was adopted, as evidenced by the Agency Requests, Executive 2
Recommendations and Legislative Recommendations contained in the budget 3
manuals prepared by the Department of Finance and Administration, letters, or 4
summarized oral testimony in the official minutes of the Arkansas Legislative 5
Council or Joint Budget Committee which relate to its passage and adoption. 6
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SECTION 16. EMERGENCY CLAUSE. It is found and determined by the 8
General Assembly, that the Constitution of the State of Arkansas prohibits 9
the appropriation of funds for more than a one (1) year period; that the 10
effectiveness of this Act on July 1, 2026 is essential to the operation of 11
the agency for which the appropriations in this Act are provided, and that in 12
the event of an extension of the legislative session, the delay in the 13
effective date of this Act beyond July 1, 2026 could work irreparable harm 14
upon the proper administration and provision of essential governmental 15
programs. Therefore, an emergency is hereby declared to exist and this Act 16
being necessary for the immediate preservation of the public peace, health 17
and safety shall be in full force and effect from and after July 1, 2026. 18
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