The 94th General Assembly - Actuarial Impact of the LEARNS Act on the Teacher Retirement System
Last week I was asked by several members of the General Assembly if the LEARNS Act (SB294) would have an actuarial impact on the Arkansas Teacher Retirement System. I just received the cost analysis report from the actuaries this afternoon. They found that parts of the LEARNS Act could have a small cost to ATRS, but not to any substantial amount as to be a cause for concern.
Attachment: Actuarial Cost Analysis Report
Reminders
ATRS will try to keep its members informed about the bills that impact ATRS, its members and employers. For more information regarding the ATRS Bill Package and Bills that may impact ATRS visit the Legislation page on our website.
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The ATRS website allows members to have direct access to their account information and sign up to receive our executive director updates. Member account information can be accessed 24-hours a day, 7-days a week. Executive director updates are emailed periodically throughout the year to help keep members up-to-date on issues from retirement, to legislative updates that may affect ATRS, and any other time when information needs to be shared.
Join over 30,000 ATRS members who have registered for account access and updates by visiting us at: www.artrs.gov/registration. There you can join the mailing list for executive director updates and register to gain access to your member information.
ATRS is always striving to keep its members, employers, beneficiaries, government officials, and the public informed. It is always a great pleasure for ATRS to learn of more ways to provide information to ATRS members. If you have any suggestions on how we can improve our communication you may e-mail them to info@artrs.gov for consideration.
As always, ATRS and its board are committed to providing a system that is member friendly and transparent. Remember that ATRS is here to serve you.
Best regards,
Clint Rhoden
Executive Director ATRS
Office: 501-588-4367
Mobile: 501-291-1623
clintr@artrs.gov