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Committee approves optional life‑insurance route for APERS survivor benefit language
2837502 · April 1, 2025
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Summary
Senate Bill 157, as amended, passed committee to allow APERS to offer a death benefit either by traditional pension funding or via an insurance product. The amendment changes mandatory language to permissive and directs overpayments to reduce system liabilities.
The committee passed Senate Bill 157 as amended, enabling the Arkansas Public Employees Retirement System to offer a survivor death benefit funded either through system assets or an employer‑owned life insurance approach. Representative Mark Perry explained that the original draft…
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