(a) The Arkansas Local Police and Fire Retirement System is a reciprocal system under the provisions of §§ 24-2-401 — 24-2-405.
(b) In establishing eligibility for a benefit from the Arkansas Local Police and Fire Retirement System, the credited service under all reciprocal systems shall be totaled and the total credited service shall be used in determining eligibility for a system benefit.
(c) In determining the amount of a benefit from this system, there shall be used only the credited service under this system and the benefit formula of this system.
(d) The final average compensation used shall be that of the reciprocal system which furnishes the highest final salary at the time of retirement.
(e) Wherever this system provides a benefit amount which is not dependent on length of credited service, the benefit amount shall be reduced to the proportion that system-credited service bears to total reciprocal system-credited service.
Structure Arkansas Code
Title 24 - Retirement And Pensions
Chapter 10 - Arkansas Local Police And Fire Retirement System
Subchapter 5 - Credited Service
§ 24-10-501. Paid and volunteer service
§ 24-10-504. Forfeiture and restoration. [Effective until January 1, 2020.]
§ 24-10-504. Forfeiture and restoration. [Effective January 1, 2020.]
§ 24-10-505. Public service with other Arkansas systems
§ 24-10-506. Other local police and fire service
§ 24-10-507. Reciprocal system