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*WFP023* 03/30/2026 1:50:22 PM WFP023
State of Arkansas 1
95th General Assembly A Bill 2
Fiscal Session, 2026 SENATE BILL 17 3
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By: Joint Budget Committee 5
6
For An Act To Be Entitled 7
AN ACT TO MAKE AN APPROPRIATION FOR PERSONAL SERVICES 8
AND OPERATING EXPENSES FOR THE ARKANSAS TEACHER 9
RETIREMENT SYSTEM FOR THE FISCAL YEAR ENDING JUNE 30, 10
2027; AND FOR OTHER PURPOSES. 11
12
13
Subtitle 14
AN ACT FOR THE ARKANSAS TEACHER 15
RETIREMENT SYSTEM APPROPRIATION FOR THE 16
2026-2027 FISCAL YEAR. 17
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BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 20
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SECTION 1. REGULAR SALARIES. There is hereby established for the 22
Arkansas Teacher Retirement System for the 2026-2027 fiscal year, the 23
following maximum number of regular employees. 24
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Maximum Annual 26
Maximum Salary Rate 27
Item Class No. of Fiscal Year 28
No. Code Title Employees 2026-2027 29
(1) EEX36A RETIREMENT SYSTEM DIRECTOR 1 GRADE EXE03 30
(2) PRE06C RETIREMENT SYSTEM INVESTMENT DIR 1 GRADE SPC10 31
(3) FAC08C CHIEF FISCAL OFFICER I 1 GRADE SPC09 32
(4) PRE03C RETIREMENT SYSTEM ADMINISTRATOR 1 GRADE SPC08 33
(5) PRE05C RETIREMENT SYSTEM DEPUTY DIRECTOR 1 GRADE SPC08 34
(6) LAT05P ATTORNEY III 1 GRADE SPC08 35
(7) LAT04P ATTORNEY II 2 GRADE SPC05 36
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(8) FIN05P INVESTMENT SUPERVISOR/EXPERT 1 GRADE SPC03 1
(9) FAC02P ACCOUNTANT II 3 GRADE SPC02 2
(10) FAU04P AUDITOR II 2 GRADE SPC02 3
(11) FAC01P ACCOUNTANT I 4 GRADE SPC01 4
(12) FIN04P INVESTMENT ANALYST 3 GRADE SPC01 5
(13) FIN06P RETIREMENT SYSTEM INVESTMENT COORD 2 GRADE SGS09 6
(14) HDH08P HR SUPERVISOR/EXPERT 1 GRADE SGS08 7
(15) PRE07P RETIREMENT SYSTEM SUPV/EXPERT 6 GRADE SGS08 8
(16) PAS08I EXECUTIVE ASSISTANT 1 GRADE SGS07 9
(17) FFS05P FISCAL SUPPORT SUPERVISOR/EXPERT 1 GRADE SGS07 10
(18) HDH05P HR COORDINATOR 1 GRADE SGS07 11
(19) CPR05P PUBLIC INFORMATION COORDINATOR 1 GRADE SGS07 12
(20) PRE04P RETIREMENT SYSTEM COORDINATOR 7 GRADE SGS07 13
(21) PRE02P RETIREMENT COUNSELOR II 19 GRADE SGS06 14
(22) PAS01P ADMINISTRATIVE ANALYST 4 GRADE SGS05 15
(23) FBU03P BUDGET SPECIALIST 1 GRADE SGS05 16
(24) PPR04P PROCUREMENT SPECIALIST 1 GRADE SGS05 17
(25) PRE01P RETIREMENT COUNSELOR I 4 GRADE SGS05 18
(26) PAS02P ADMINISTRATIVE COORDINATOR 2 GRADE SGS04 19
(27) HBE01P BENEFITS ANALYST 3 GRADE SGS04 20
(28) FFS04P FISCAL SUPPORT SPECIALIST 2 GRADE SGS04 21
(29) IIA01C CHIEF INFORMATION OFFICER I 1 GRADE IST10 22
(30) IIS01P IT COORDINATOR 1 GRADE IST08 23
(31) IAS01P APPLICATIONS ANALYST I 1 GRADE IST07 24
(32) IIS04P IT INFRASTRUCTURE ANALYST 1 GRADE IST06 25
(33) IUS01P USER SUPPORT ANALYST 3 GRADE IST04 26
(34) IUS04P USER SUPPORT SPECIALIST 1 GRADE IST02 27
(35) IIE03P IT SECURITY ANALYST II 1 GRADE IST07 28
(36) IIS06P IT INFRASTRUCTURE COORDINATOR 1 GRADE IST08 29
MAX. NO. OF EMPLOYEES 87 30
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SECTION 2. EXTRA HELP. There is hereby authorized, for the Arkansas 32
Teacher Retirement System for the 2026-2027 fiscal year, the following 33
maximum number of part-time or temporary employees, to be known as "Extra 34
Help", payable from funds appropriated herein for such purposes: twenty (20) 35
temporary or part-time employees, when needed, at rates of pay not to exceed 36
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those provided in the Uniform Classification and Compensation Act, or its 1
successor, or this act for the appropriate classification. 2
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SECTION 3. APPROPRIATION - OPERATIONS. There is hereby appropriated, 4
to the Arkansas Teacher Retirement System, to be payable from the Teacher 5
Retirement Fund, for personal services and operating expenses of the Arkansas 6
Teacher Retirement System for the fiscal year ending June 30, 2027, the 7
following: 8
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ITEM FISCAL YEAR 10
NO. 2026-2027 11
(01) REGULAR SALARIES $5,287,482 12
(02) EXTRA HELP 400,000 13
(03) PERSONAL SERVICES MATCHING 1,902,963 14
(04) OVERTIME 50,000 15
(05) MAINT. & GEN. OPERATION 16
(A) OPER. EXPENSE 2,200,000 17
(B) CONF. & TRAVEL 30,759 18
(C) PROF. FEES 558,115 19
(D) CAP. OUTLAY 0 20
(E) DATA PROC. 0 21
(06) BENEFITS 180,000,000 22
(07) REFUNDS/REIMBURSEMENTS 15,000,000 23
(08) DATA PROCESSING SERVICES 250,000 24
(09) INVESTMENT CONSULTANTS 3,500,000 25
(10) DISCOUNT BUYOUT PLAN 9,000,000 26
TOTAL AMOUNT APPROPRIATED $218,179,319 27
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SECTION 4. APPROPRIATION - CASH. There is hereby appropriated, to the 29
Arkansas Teacher Retirement System, to be payable from cash funds as defined 30
by Arkansas Code §19-4-801, for payments to beneficiaries by check or wire 31
transfer, by the Arkansas Teacher Retirement System for the fiscal year 32
ending June 30, 2027, the following: 33
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ITEM FISCAL YEAR 35
NO. 2026-2027 36
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(01) BENEFITS-NON EMPLOYEE $1,700,000,000 1
(02) REFUNDS/REIMBURSEMENTS 6,000,000 2
TOTAL AMOUNT APPROPRIATED $1,706,000,000 3
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SECTION 5. COMPLIANCE WITH OTHER LAWS. Disbursement of funds 5
authorized by this act shall be limited to the appropriation for such agency 6
and funds made available by law for the support of such appropriations; and 7
the restrictions of the State Procurement Law, the General Accounting and 8
Budgetary Procedures Law, the Revenue Stabilization Law, the Regular Salary 9
Procedures and Restrictions Act, or their successors, and other fiscal 10
control laws of this State, where applicable, and regulations promulgated by 11
the Department of Finance and Administration, as authorized by law, shall be 12
strictly complied with in disbursement of said funds. 13
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SECTION 6. LEGISLATIVE INTENT. It is the intent of the General 15
Assembly that any funds disbursed under the authority of the appropriations 16
contained in this act shall be in compliance with the stated reasons for 17
which this act was adopted, as evidenced by the Agency Requests, Executive 18
Recommendations and Legislative Recommendations contained in the budget 19
manuals prepared by the Department of Finance and Administration, letters, or 20
summarized oral testimony in the official minutes of the Arkansas Legislative 21
Council or Joint Budget Committee which relate to its passage and adoption. 22
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SECTION 7. EMERGENCY CLAUSE. It is found and determined by the General 24
Assembly, that the Constitution of the State of Arkansas prohibits the 25
appropriation of funds for more than a one (1) year period; that the 26
effectiveness of this Act on July 1, 2026 is essential to the operation of 27
the agency for which the appropriations in this Act are provided, and that in 28
the event of an extension of the legislative session, the delay in the 29
effective date of this Act beyond July 1, 2026 could work irreparable harm 30
upon the proper administration and provision of essential governmental 31
programs. Therefore, an emergency is hereby declared to exist and this Act 32
being necessary for the immediate preservation of the public peace, health 33
and safety shall be in full force and effect from and after July 1, 2026. 34
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