Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Apers Governance topic
No spam. Unsubscribe anytime.
Committee approves bill adding two ex‑officio APERS board members and formalizing ADFA participation
Summary
Senate Bill 160 passed committee. It adds two positions—the secretary of the Department of Shared Administrative Services and the state banking commissioner—to the Arkansas Public Employees Retirement System (APERS) board and codifies Arkansas Development Finance Authority (ADFA) participation in APERS.
Senate Bill 160 cleared committee after sponsors explained two technical changes to the Arkansas Public Employees Retirement System. The measure adds two board members tied to system activities—the Secretary of the Department of Shared Administrative Services and the State Banking Commissioner—bringing the board to 15 members, and it codifies ADFA’s ability to participate in APERS.
Representative Les Warren told members the ADFA is already participating administratively but that the statute lacks explicit authority; the bill places that participation in code and imposes the same vesting and employer‑contribution requirements that other entities follow.
Committee members asked why the two executive positions were not already part of the board; sponsors said the secretary post is a recent executive role and the banking commissioner has previously served on the board in practice. No one registered opposition and the bill passed on a voice vote.
Ending: Sponsors described the bill as a technical, housekeeping measure that formalizes existing practices and adjusts board composition.
