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Committee allows cities flexibility to fund municipal retirement pay
2837502 · April 1, 2025
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Summary
Senate Bill 153 passed committee, removing a statutory requirement that cities pay municipal retirement contributions from the general fund; the change allows cities to draw retirement payments from any available municipal account.
The committee passed Senate Bill 153, which amends Arkansas Code 24-12-121 to give cities discretion to pay municipal retirement plan contributions from any available account…
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