(a) Effective July 1, 2009, after terminating employment under § 24-7-502 or reaching the age of normal retirement, a retirant may:
(1) Accept employment with an employer covered by the Arkansas Teacher Retirement System without a limitation of his or her retirement annuity; and
(2) Continue to receive his or her monthly retirement annuity.
(b) Employers covered by the system that hire an employee who meets the conditions under subsection (a) of this section shall report the hiring of the retirant to the system in a time and a manner that the system may reasonably require.
(c) A retirant who receives monthly benefits and is employed by a covered employer shall not accrue additional service credit.
(d)
(1) For a retired member employed in a position covered by the system, the covered employer shall remit the contributions on all salary paid to the retirant in an amount equal to the employer contribution rate applicable to active members.
(2) Contributions shall be paid by the employer and are not the responsibility of the retirant.
(e)
(1) The Board of Trustees of the Arkansas Teacher Retirement System shall adopt rules to carry out the provisions of this section.
(2) A covered employer that employs retirants is subject to the rules adopted by the board.
Structure Arkansas Code
Title 24 - Retirement And Pensions
Chapter 7 - Retirement of Employees of Schools and Educational Institutions
Subchapter 7 - Arkansas Teacher Retirement System — Benefits
§ 24-7-701. Voluntary retirement
§ 24-7-702. Early voluntary retirement
§ 24-7-704. Disability retirement
§ 24-7-707. Deferred retirement
§ 24-7-708. Employment of retired members by covered employers
§ 24-7-709. Disposition of member contributions — Residue
§ 24-7-710. Survivor annuity benefits
§ 24-7-711. Refund of member contributions upon termination
§ 24-7-712. Determination of benefit program
§ 24-7-714. Increase in monthly benefits — Acts 1979, No. 655, and Acts 1981, No. 885
§ 24-7-715. Benefit rights not subject to legal process — Definition
§ 24-7-718. Minimum financial conditions for benefit increases
§ 24-7-719. Rollover of distributions — Definitions
§ 24-7-720. Lump-sum benefit — Definition
§ 24-7-725. Limitation on benefit enhancement of § 24-7-702
§ 24-7-726. Computation of benefits based on contract salary
§ 24-7-727. Compounded cost of living adjustments
§ 24-7-728. Computation of benefits based on life annuity
§ 24-7-729. Adjustment of § 24-7-713 base amount
§ 24-7-730. Required distributions
§ 24-7-732. System termination or discontinuance — Vesting
§ 24-7-733. Limitation on benefits
§ 24-7-735. Contract buyout agreement — Settlements — Judgments — Calculation of benefits
§ 24-7-736. Calculation of final average salary — Definition