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Subchapter 2 - Investments
§ 24-2-201. Permissible investments of political subdivision retirement funds - (a) The board of trustees of any public employee retirement...
§ 24-2-202. Procedure for purchase or sale of securities - (a) All securities purchased or sold by the board of...
§ 24-2-203. First lien serial coupon bonds of local industrial development corporations - (a) Whenever mutually agreeable to the respective boards of trustees,...
§ 24-2-204. Default in payment of principal or interest - (a) In the event of default in payment of the...
§ 24-2-205. Purchase of obligations not cancellation — Trust - (a) All obligations purchased or received shall be held in...
§ 24-2-206. Jurisdiction and custodianship of funds — Interest - (a) (1) The various retirement system funds, as established in...
§ 24-2-207. Assets and income for retirement systems - All assets and income of any retirement system of a...
Subchapter 3 - Correction of Erroneous Memberships
§ 24-2-301. Definitions - As used in this subchapter, unless the context otherwise requires:...
§ 24-2-302. Classification of members - Except as otherwise specifically provided in this subchapter, all employees...
§ 24-2-303. Erroneous enrollment before January 1, 1979 - (a) Any employee who was erroneously enrolled in a state...
§ 24-2-304. Erroneous enrollment on or after January 1, 1979 - (a) (1) When it is discovered by an employee, employer,...
§ 24-2-305. Effect of promotion of nonteacher school employee - Other provisions of this subchapter to the contrary notwithstanding, a...
§ 24-2-306. Erroneous enrollment because of concurrent membership - Any member of the Arkansas Public Employees' Retirement System who...
Subchapter 4 - Reciprocal Service Credits
§ 24-2-401. Definitions - As used in this subchapter: (1) “Deferred retirement option plan”...
§ 24-2-402. Deferred annuity — Eligibility — Definition - If a member of a reciprocal system left or leaves...
§ 24-2-403. Date of annuity payment - (a) The date a member's annuity, if any, becomes payable...
§ 24-2-404. Disbursement of annuities - (a) The boards of trustees of the reciprocal systems may...
§ 24-2-405. Disability benefits - (a) A member of a reciprocal system with five (5)...
§ 24-2-407. Benefit enhancements — Restrictions - (a) No benefit enhancement provided for by this subchapter shall...
§ 24-2-408. Concurrence prohibited - In establishing credited service under this subchapter, persons who receive...
Subchapter 5 - Military Service Credit
§ 24-2-501. Free credited service - (a) (1) Any member of the Arkansas Judicial Retirement System...
§ 24-2-502. Purchased credited service - (a) Any person who is or was a member of...
§ 24-2-503. Arkansas National Guard and armed forces reserve service credit - (a) As used in this section, “armed forces reserve” means...
§ 24-2-504. Return to covered employment by military personnel - (a) An active member of the state retirement system who...
§ 24-2-505. Compliance with Heroes Earnings Assistance and Relief Tax Act of 2008 - (a) (1) In the case of a member who dies...
Subchapter 6 - State Retirement Systems Investments
§ 24-2-601. Investment authority and limitations generally - (a) All investments of the retirement systems covered by this...
§ 24-2-602. Investment authority and limitations — Permissible investments - (a) The boards of trustees of the State Police Retirement...
§ 24-2-603. Investment authority and limitations — Default setoff - (a) In the event of default in payment of the...
§ 24-2-604. Investment authority and limitations — Conflict of interest - Except as to the rights of a member, retirant, or...
§ 24-2-605. Investment authority and limitations — Fidelity bonds - (a) The boards of trustees of the respective retirement systems...
§ 24-2-606. Investment authority and limitations — Custodianship of assets - (a) The Treasurer of State shall be the legal custodian...
§ 24-2-607. Investment authority and limitations — Trust account - (a) In addition to the various retirement systems funds established...
§ 24-2-608. Investment authority and limitations — Arkansas-related investments - (a) In acquiring, investing, reinvesting, exchanging, retaining, selling, and managing...
§ 24-2-609. Registration of securities in name of nominee — Powers and duties of nominee - (a) The boards of trustees of the various state retirement...
§ 24-2-610. Prudent investor rule - (a) Except as otherwise provided in subsection (b) of this...
§ 24-2-611. Standard of care — Portfolio strategy — Risk and return objectives - (a) Trustees shall invest and manage trust assets as a...
§ 24-2-612. Diversification - Trustees shall diversify the investments of the trust unless the...
§ 24-2-613. Duties at inception of trusteeship - (a) Within a reasonable time after accepting a trusteeship or...
§ 24-2-614. Loyalty - Trustees shall invest and manage the trust assets solely in...
§ 24-2-615. Impartiality - If a trust has two (2) or more beneficiaries, the...
§ 24-2-616. Investment costs — Limitations on investment authority - (a) In investing and managing trust assets, trustees may only...
§ 24-2-617. Reviewing compliance - Compliance with the prudent investor rule is determined in light...
§ 24-2-618. Delegation of investment and management functions - (a) Trustees may delegate investment and management functions that a...
§ 24-2-619. Language invoking standard of subchapter - The following terms or comparable language in the provisions of...
Subchapter 7 - Arkansas Public Employee Retirement Plans
§ 24-2-701. Financial objectives and actuarial valuation - (a) The general financial objective of each Arkansas public employee...
§ 24-2-702. Reports - (a) Each Arkansas public employees' retirement system shall have an...
§ 24-2-703. Tax exemptions - (a) The assets of the Arkansas Public Employees' Retirement System,...
§ 24-2-704. Retirement in event of government reorganization - (a) In the event of any structural reorganization of state...