Any person participating in a retirement plan authorized under this subchapter on or after July 1, 1999, shall be entitled to a retirement benefit if that person has ten (10) or more years of actual service in a plan covered by this subchapter and is at least sixty (60) years of age. If the person does not have sufficient service to draw the full benefit provided, then a partial benefit not to exceed the full benefit shall be payable when the person has reached the age requirement specified in this subchapter. The partial benefit shall be determined by multiplying the full benefit by the following fraction:
(1) The numerator shall be the number of months of actual service under the provisions of this subchapter; and
(2) The denominator shall be two hundred forty (240) months.
Structure Arkansas Code
Title 24 - Retirement And Pensions
Chapter 8 - Retirement Of Judges And Court Employees
Subchapter 3 - Municipal Judges and Clerks Generally
§ 24-8-301. Subchapter cumulative
§ 24-8-304. Benefits — Frequency of payment — Deficiencies
§ 24-8-305. Entitlement to benefits generally
§ 24-8-306. Eligibility for benefits — Regular and disability retirement — Surviving Spouses' rights
§ 24-8-307. Eligibility for benefits — Cities of the first class or cities of the second class
§ 24-8-308. Eligibility for benefits — Twenty years of service
§ 24-8-309. Eligibility for benefits — Sixteen years of service as judge and city attorney
§ 24-8-310. Eligibility for benefits — Judge unlicensed to practice law
§ 24-8-311. Eligibility for benefits — Clerks
§ 24-8-313. Vote to pay benefits to certain clerks and spouses of judges
§ 24-8-314. Municipal judge filling partial term, etc
§ 24-8-315. Multicounty districts — Options
§ 24-8-317. Funding for retirement benefits
§ 24-8-318. Additional funding sources for retirement benefits