(a) The state, as employer, shall make contributions to the Arkansas Judicial Retirement System of twelve percent (12%) of the active member payroll.
(b) The Chief Fiscal Officer of the State is authorized and directed to make annual transfers each July 1 to the Judges Retirement Fund from the Constitutional Officers Fund and the State Central Services Fund in an amount determined by computing the dollar amount required based on the actuarially determined employer rate in the most recent annual actuarial valuation and subtracting from that amount the statutory contribution amount specified in subsection (a) of this section, and further, reduced by the amount of the court cost revenue transferred to the Judges Retirement Fund from the State Administration of Justice Fund in accordance with § 16-10-310.
Structure Arkansas Code
Title 24 - Retirement And Pensions
Chapter 8 - Retirement Of Judges And Court Employees
Subchapter 7 - Tier Two Actual Judicial Service Benefit Plan
§ 24-8-701. Legislative history, findings, and intent
§ 24-8-703. Creation of Tier Two Actual Judicial Service Benefit Plan
§ 24-8-704. Membership generally
§ 24-8-705. Members electing coverage
§ 24-8-706. Contributions — Members — Refund
§ 24-8-707. Contributions — State
§ 24-8-708. Contributions — Cessation upon maximum benefit eligibility
§ 24-8-709. Actual service requirement
§ 24-8-710. Eligibility for benefits — Retirement generally
§ 24-8-711. Eligibility for benefits — Early retirement
§ 24-8-712. Eligibility for benefits — Disability retirement
§ 24-8-713. Retirement and survivors' benefits generally
§ 24-8-714. Restrictions on benefits