If a person employed in a public school district of this state has received an actual salary reduced below the contract salary due to military service or other government service, the Arkansas Teacher Retirement System shall compute retirement benefits based upon the contract salary and not the reduced salary resulting from the military service or other government service, provided that the system receives the employee and employer contributions in effect at the time service is rendered, plus interest, on the difference between the actual salary and the contract salary.
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