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Legal Opinion

Opinion No.

Arkansas Attorney General Reports

Decided April 29, 2002Published

1Opinion of the Court

The Honorable Jimmy Jeffress State Senator P.O. Box 1695 Crossett, AR 71635-1695

Dear Senator Jeffress:

I am writing in response to your request for an opinion on the following question concerning the state employees' deferred compensation program:

Does Act 1596 of 2001 give the State of Arkansas the authority to remove previous contributions by State employees from their current accounts (Valic and Diversified Investment Advisors) and deposit these monies with the new plan administrator (CitiStreet) without the consent of the individual state employees?

RESPONSE

It is my opinion that the answer…

2Cases cited5 opinions

  1. Harrison v. MatthewsSupreme Court of Arkansas · 1962
  2. Gannett River States Publishing Co. v. Arkansas Industrial Development CommissionSupreme Court of Arkansas · 1990
  3. Arkansas Dep't of Human Services v. WaltersSupreme Court of Arkansas · 1993
  4. Barnett v. Arkansas Transport Co., Inc.Supreme Court of Arkansas · 1990
  5. Employers Surplus Insurance v. Murphy Oil USA, Inc.Supreme Court of Arkansas · 1999

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