Arkansas Code
Subchapter 1 - General Provisions
§ 24-5-127. Creditable service

(a) Any employee of the Arkansas State Highway and Transportation Department or the Arkansas Department of Transportation who is a member of the Arkansas State Highway Employees' Retirement System and who has served as a member of the State Highway Commission shall receive partial credit, equal to forty percent (40%) of the time the member served as a member of the commission, as creditable service.
(b) For the purpose of calculating the member's annuity, the portion of creditable service attributed to serving on the commission shall not be considered when determining retirement eligibility, nor shall it be considered when calculating the annuity, but it is to be considered only toward vesting in the system.

Structure Arkansas Code

Arkansas Code

Title 24 - Retirement And Pensions

Chapter 5 - Arkansas State Highway Employees' Retirement

Subchapter 1 - General Provisions

§ 24-5-101. Definitions

§ 24-5-102. Penalty

§ 24-5-103. Establishment of system

§ 24-5-104. Board of trustees

§ 24-5-105. Cost of administration — Payment of benefits and adjustment of errors

§ 24-5-106. Establishment of retirement fund

§ 24-5-107. Membership

§ 24-5-108. Members' contributions

§ 24-5-109. Employer's contribution

§ 24-5-110. Credit for prior and current service in department

§ 24-5-112. Eligibility for benefits — Voluntary retirement

§ 24-5-113. Eligibility for benefits — Disability retirement — Definition

§ 24-5-114. Eligibility for benefits — Early retirement

§ 24-5-115. Benefits generally

§ 24-5-116. Benefits — Death of member or retirant

§ 24-5-117. Benefits — Withdrawal from service

§ 24-5-118. Benefits — Annuity options

§ 24-5-119. Redetermination of benefits

§ 24-5-120. Increase in monthly retirement benefit — Schedule

§ 24-5-122. Early retirement incentives

§ 24-5-123. Credit for military service

§ 24-5-124. Minimum monthly benefit

§ 24-5-125. Eligibility to receive increase in benefits

§ 24-5-126. Increase in benefits

§ 24-5-127. Creditable service

§ 24-5-128. Increase in monthly retirement benefit — 1993

§ 24-5-129. Increase in monthly retirement benefit — Acts 1997, No. 349

§ 24-5-130. Increase in monthly retirement benefit — Acts 1997, No. 386

§ 24-5-131. Limitation on benefit enhancement of Acts 1997, No. 1089

§ 24-5-132. Limitation on benefit enhancement of Acts 1997, No. 1067

§ 24-5-133. Early participation

§ 24-5-134. Death benefit enhancement

§ 24-5-135. Annuity benefit enhancement

§ 24-5-136. Operation of system as qualified trust

§ 24-5-137. Compliance with Internal Revenue Code section 415