ARP definition
Examples of ARP in a sentence
The University will continue to offer an alternative retirement plan (ARP) to Faculty who are eligible under state law to participate in such a plan.
The University shall continue to "pick up" (assume and pay) the employee contribution to the State Teachers Retirement System (STRS), or to an Alternative Retirement Plan (ARP) selected by the FTNTT Faculty member, by restating gross pay as consisting of both cash contribution and deferred compensation portions.
In addition, the Legislature appropriated $100 million in Chapter 2024-188, L.O.F., from ARP funds for the Hometown Hero Housing Program in Fiscal Year 2024-25.
Contributions will be maintained so that the total University contribution (the combination of the payments to STRS to offset the negative impact of the ARP and the contributions to the ARP itself) will be equal to the University contributions for STRS members.
In Section 274, the Legislature authorized the transfer of $511.7 million from non-ARP appropriations to ARP appropriations for the same purpose.