Any hospital excluding its employees from the Arkansas Public Employees' Retirement System and receiving a return of any funds as provided in § 24-4-302(3) shall immediately invest the funds in a retirement system or plan for the employees of the hospital.
Structure Arkansas Code
Title 24 - Retirement And Pensions
Chapter 4 - Arkansas Public Employees' Retirement System
Subchapter 2 - Funds and Management of Assets
§ 24-4-201. Arkansas Public Employees' Retirement System Fund — Creation — System accounts
§ 24-4-202. Arkansas Public Employees' Retirement System Fund — Contributions
§ 24-4-206. Funding — Additional liabilities — Local Government Division
§ 24-4-207. Bonds — Payments on vouchers and warrants — Adjustment of erroneous payments
§ 24-4-208. Reduction of annuities when funds inadequate
§ 24-4-210. Transfer of funds to cover retired county constitutional officers
§ 24-4-211. Disposition of funds returned to hospitals withdrawing from system