(a) The retirement reserve account shall be the account from which shall be paid all annuities and benefits in lieu of annuities payable as provided in this act to retirants who retired on account of superannuation or disability and to beneficiaries of such retirants.
(b) If a disability retirant returns to teaching service:
(1) The amount of his or her accumulated contributions at the time of his or her disability retirement shall be transferred from the retirement reserve account to the members' deposit account; and
(2) The remainder of his or her annuity reserve at the time of return shall be transferred from the retirement reserve account to the employer accumulation account.
Structure Arkansas Code
Title 24 - Retirement And Pensions
Chapter 7 - Retirement of Employees of Schools and Educational Institutions
Subchapter 4 - Arkansas Teacher Retirement System — Funds and Management of Assets
§ 24-7-401. Fund contributions — Fund rates
§ 24-7-402. Assets as trust fund — Custodian
§ 24-7-403. Restrictions on use of assets
§ 24-7-404. Default where issuer receives money from State of Arkansas
§ 24-7-405. Retirement fund assets accounts generally
§ 24-7-406. Retirement fund assets accounts — Members' deposit account — Contributions
§ 24-7-407. Retirement fund assets accounts — Employer accumulation account
§ 24-7-408. Retirement fund assets accounts — Retirement reserve account
§ 24-7-409. Retirement fund assets accounts — Survivor benefit account
§ 24-7-410. Retirement fund assets accounts — Income-expense account