Any person who shall have served not less than fourteen (14) years as an elected prosecuting attorney in this state and who holds credited service therefor in the Arkansas Public Employees' Retirement System, as established by § 24-4-103, upon being elected as a circuit judge, chancery judge, or justice of the Supreme Court, is authorized to transfer his or her credited service in the Arkansas Public Employees' Retirement System to the Arkansas Judicial Retirement System by:
(1) Notifying, in writing, the administrative body of each of the retirement plans of his or her intention to so transfer his or her tenure;
(2) Authorizing the Board of Trustees of the Arkansas Public Employees' Retirement System to transfer to the Arkansas Judicial Retirement System any sums of money paid for his or her retirement to the Arkansas Public Employees' Retirement System by the elected prosecuting attorney; and
(3)
(A) Paying into the Arkansas Judicial Retirement System an amount of money he or she would have paid into the system for an equal amount of tenure as a judge of the court to which he or she has been elected, less the amount of money transferred from the Arkansas Public Employees' Retirement System as authorized in this section.
(B) Upon transferring the credited service from the Arkansas Public Employees' Retirement System, the person shall be given credited service in the Arkansas Judicial Retirement System for an equal number of years of credited service for which he or she has qualified under the Arkansas Public Employees' Retirement System as an elected prosecuting attorney.
Structure Arkansas Code
Title 24 - Retirement And Pensions
Chapter 8 - Retirement Of Judges And Court Employees
Subchapter 2 - Arkansas Judicial Retirement System
§ 24-8-206. Annual actuarial valuation
§ 24-8-207. Membership generally — Prior service credit
§ 24-8-209. Contributions — Members — Refund
§ 24-8-210. Contributions — State
§ 24-8-211. Contributions — Cessation upon retirement
§ 24-8-212. Credited service — Transfer of service as municipal judge
§ 24-8-213. Credited service — Transfer of fourteen years' service as prosecuting attorney
§ 24-8-214. Credited service — Transfer of four years' service as prosecuting attorney
§ 24-8-215. Eligibility for benefits — Retirement generally
§ 24-8-216. Eligibility for benefits — Early retirement
§ 24-8-217. Eligibility for benefits — Disability retirement
§ 24-8-218. Retirement and survivors' benefits generally
§ 24-8-219. Rights of surviving unremarried spouses of certain judges
§ 24-8-220. Restrictions on benefits
§ 24-8-222. Credited service — Transfer of service as juvenile judge
§ 24-8-223. Redetermination of benefits
§ 24-8-224. Benefits when serving past mandatory retirement age
§ 24-8-225. Limitation on benefit enhancement — Acts 1997, No. 926