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AARP Arkansas Calls for Public-Private Retirement Savings Option

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AARP Arkansas Calls for Public-Private Retirement Savings Option


A recently completed survey by the AARP shows an overwhelming number of Arkansas small businesses believe more should be done to support retirement savings options for their employees.

Arkansas’ division of the AARP presented its findings Monday on the steps of the Arkansas State Capitol. In a survey of small business owners, 79% said they would support legislation to establish a privately managed statewide retirement savings option, while 88% said they would support legislation to create a public-private retirement savings option.

A “public-private” savings option is a savings partnership overseen by the state and run by a financial services provider from the private sector. Employees can voluntarily sign up for an account and take it from job to job while deciding how much retirement savings they would have deducted from their paycheck.

AARP Arkansas’ proposal, dubbed “Arkansas Saves,” would require legislative support in order to pass.

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“Small businesses recognize there is a retirement savings crisis in Arkansas,” AARP State Director Ashley McBride said. “They want lawmakers to take action. More than 514,000 Arkansans cannot access a retirement savings plan at work. If we make it easy for more workers to save through payroll deduction, small businesses will benefit, taxpayers will save money, and workers will build savings that will provide more options in their retirement.”

AARP Arkansas’ research suggests that 76% of the state’s small business owners believe offering a retirement savings plan would help them stay competitive. According to Pew Charitable Trusts, Arkansas could save up to $2.7 billion over 20 years by implementing a public-private savings option such as Arkansas Saves.

“AARP Arkansas has a mission to help people choose how to live as they age,” said Chris McCoy, associate state director of advocacy and outreach for AARP Arkansas. “To truly be able to choose, you have to start saving for retirement early, preferably from job one. The plan we’re proposing is a big step forward in helping small businesses offer retirement savings options for their employees without burdening the small businesses that are the backbone of Arkansas’ economy.”

Legislation similar to Arkansas Saves was recently passed in Missouri. All told, over 11 states have passed public-private savings programs for retirement, with the assets under management exceeding $839 million. 

READ ALSO: Mayor Scott Discusses Crime, Infrastructure, Economy After State of City Address

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Students need stability to learn. Here’s what Arkansas can do.

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Students need stability to learn. Here’s what Arkansas can do.


On an ordinary school morning at my alma mater Mineral Springs High School, where I now teach, I walked the same green-and-gold hallways I knew as a teenager. They felt different. Not louder or quieter. Just heavier. The kind of weight you feel in the way students move through the building, in how they sit […]



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Despite earlier request, Little Rock’s Ken Richardson a no-show during virtual city board meeting | Arkansas Democrat Gazette

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Despite earlier request, Little Rock’s Ken Richardson a no-show during virtual city board meeting | Arkansas Democrat Gazette


Little Rock City Director Ken Richardson was a no-show at a virtual meeting of the city’s Board of Directors on Tuesday despite previously seeking authorization to attend sessions electronically.

City officials made Tuesday’s agenda-setting meeting a virtual session on the heels of a major winter storm in Arkansas.

Richardson, 59, has not attended meetings since May 2024 after facing a serious health crisis, although he and others have not fully explained his health issues or offered a timeline for when he might be able to return.

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After Richardson missed a series of meetings in 2024, the city issued a statement Aug. 1 of that year acknowledging that Richardson had undergone multiple life-threatening surgeries and was hospitalized.

Since 2007, Richardson has represented Ward 2, which encompasses a southern section of the city around Scott Hamilton Drive, Geyer Springs Road and Baseline Road.

His latest four-year term expires Dec. 31, 2026, having been reelected in 2022 without an opponent. The Ward 2 seat will appear on the ballot during the November 2026 election.

Richardson was the only one of the 10 city directors who did not appear via teleconference during Tuesday’s meeting.

In March 2025, the board voted to do away with the virtual-attendance procedures that had allowed members to attend meetings electronically during the covid-19 pandemic and the subsequent period.

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Several months after the board changed the rules, a new Arkansas law took effect that requires members of municipal governing bodies to attend meetings in person unless the governor has declared an emergency.

Arkansas Gov. Sarah Huckabee Sanders declared a state of emergency Jan. 22 in anticipation of the winter storm.

In a letter addressed to Mayor Frank Scott Jr. in late October, Richardson asked to attend meetings virtually, citing the federal Americans with Disabilities Act.

The city’s Human Resources Department later asked that Richardson and his health care provider complete paperwork detailing his request for reasonable accommodation under the law.

The board typically meets every Tuesday, alternating between formal meetings in which action is taken and agenda-setting meetings in which officials review the agenda for the following week’s meeting or discuss other policy matters.

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To date, board members have not been presented with a measure that would authorize Richardson to attend meetings virtually as a disability-related accommodation or for other reasons.

In December, the board rejected a measure sponsored by City Director Lance Hines of Ward 5 that would have called on Richardson to resign. Scott spoke out against the proposal and had pledged to veto it if it passed.

City code lacks provisions that could lead to Richardson’s removal from office based on nonattendance.

Last year, an effort by some of Richardson’s constituents to gather enough signatures from Ward 2 residents to initiate a recall election fell short. At the mid-December deadline, organizer Pam Noble said they obtained fewer than 500 signatures out of the nearly 1,400 required to trigger the election.

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Clintons resigned, resolved against MAGA exploitation | Arkansas Democrat Gazette

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Clintons resigned, resolved against MAGA exploitation | Arkansas Democrat Gazette


John Brummett

jbrummett@arkansasonline.com

John Brummett’s career in news began when he was in high school, as a part-time reporter for the Arkansas Democrat. He moved to the Arkansas Gazette in 1977.

He wrote a political column for the Gazette from 1986 to 1990. He was an editor for the Arkansas Times from 1990 to 1992.

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In 1994, his book, “High Wire: From the Back Roads to the Beltway, the Education of Bill Clinton,” was published by Hyperion of New York City. He became a columnist with the Arkansas Democrat-Gazette in 1994. In 2000, he signed a deal with Donrey Media Group, now known as Stephens Media, and wrote for them for 11 years.

He rejoined Democrat-Gazette as a columnist on Oct. 24, 2011.



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