From NWAnews.com:

A bill that would eliminate a state retirement system’s deferred retirement plan for certain members of the system would be constitutionally suspect, Attorney General Dustin McDaniel says.

Sen. Steve Faris, D-Central, asked for an opinion from the state’s attorney general about whether legislation that would curtail the Deferred Option Retirement Plan for some categories of employees who are entitled to select that benefit would be constitutional.

Faris said such legislation would operate only prospectively and would not affect employees who elect to participate in the existing plan before the date on which the legislation would take effect.

McDaniel said that for the purpose of Faris’ request he assumed that the bill would eliminate the existing plan for members of the Arkansas Public Employees Retirement System who had not met the eligibility requirements, as well as those who had not elected to participate as of the time the legislation was enacted.

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