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Subchapter 1 - General Provisions
§ 24-7-101. Special allowances to encourage early retirement - (a) In order to effect a net savings in personnel...
§ 24-7-102. Management of early retirement window incentives - (a) The purpose of this section is to create incentives...
§ 24-7-103. Payment of employer contribution rate - Local school districts shall pay the teacher retirement employer contribution...
§ 24-7-104. Employer early retirement incentives - An employer's offer to encourage an employee to terminate his...
§ 24-7-105. Socially responsible investments - A decision on whether to invest, not invest, or withdraw...
Subchapter 2 - Arkansas Teacher Retirement System — General Provisions
§ 24-7-201. Title - This act, which establishes the Arkansas Teacher Retirement System, may...
§ 24-7-202. Definitions - As used in this act: (1) “Accumulated contributions” means the...
§ 24-7-203. Penalty - Any person who knowingly makes any false statement or who...
§ 24-7-204. Tax status of system assets - The assets of the Arkansas Teacher Retirement System are exempt...
§ 24-7-205. Correction of errors - (a) (1) If a change, omission, or error in the...
§ 24-7-206. Withholding association membership dues - (a) (1) Upon receipt of a written request signed by...
§ 24-7-207. Increase in benefit amount - (a) The Board of Trustees of the Arkansas Teacher Retirement...
§ 24-7-208. Benefit enhancements — Restrictions - (a) No benefit enhancement provided for by this act shall...
§ 24-7-209. Suspension of benefit payments upon request - (a) Subject to the minimum distribution provisions of § 24-7-730,...
§ 24-7-210. Federal taxation - (a) The Executive Director of the Arkansas Teacher Retirement System...
§ 24-7-211. Appeals - A benefit participant or employer may appeal a final administrative...
Subchapter 3 - Arkansas Teacher Retirement System — Board of Trustees
§ 24-7-301. Board of trustees — Members - The general administration and responsibility for the proper operation of...
§ 24-7-302. Term of office and vacancies - (a) (1) The term of office of each member-elected trustee...
§ 24-7-303. Board of trustees — Officers — Committees - (a) The Board of Trustees of the Arkansas Teacher Retirement...
§ 24-7-304. Meetings - (a) The Board of Trustees of the Arkansas Teacher Retirement...
§ 24-7-305. Board of trustees — Duties and responsibilities - (a) (1) Both the contributory plan provided by this act...
Subchapter 4 - Arkansas Teacher Retirement System — Funds and Management of Assets
§ 24-7-401. Fund contributions — Fund rates - (a) (1) The financial objective of the Arkansas Teacher Retirement...
§ 24-7-402. Assets as trust fund — Custodian - (a) All assets of the Arkansas Teacher Retirement System shall...
§ 24-7-403. Restrictions on use of assets - (a) All assets of the Arkansas Teacher Retirement System shall...
§ 24-7-404. Default where issuer receives money from State of Arkansas - In the event of default in payment of the principal...
§ 24-7-405. Retirement fund assets accounts generally - The assets of the Arkansas Teacher Retirement System shall be...
§ 24-7-406. Retirement fund assets accounts — Members' deposit account — Contributions - (a) (1) The members' deposit account is the account: (A)...
§ 24-7-407. Retirement fund assets accounts — Employer accumulation account - (a) The employer accumulation account is the account in which...
§ 24-7-408. Retirement fund assets accounts — Retirement reserve account - (a) The retirement reserve account shall be the account from...
§ 24-7-409. Retirement fund assets accounts — Survivor benefit account - The survivor benefit account shall be the account from which...
§ 24-7-410. Retirement fund assets accounts — Income-expense account - (a) The income-expense account shall be the account to which...
§ 24-7-411. Compelling payment upon delinquency of employer - (a) (1) If any participating employer fails to remit to...
Subchapter 5 - Arkansas Teacher Retirement System — Membership
§ 24-7-501. Membership generally - (a) The membership of the Arkansas Teacher Retirement System shall...
§ 24-7-502. Termination of active membership — Definitions - (a) (1) A member of the Arkansas Teacher Retirement System...
§ 24-7-505. Buyout plan for inactive members — Definition - (a) As used in this section, “buyout plan” means a...
§ 24-7-506. Outsourcing — Election to participate — Definitions - (a) As used in this section: (1) (A) “Covered employer”...
Subchapter 6 - Arkansas Teacher Retirement System — Credited Service
§ 24-7-601. Credited service generally - (a) By rule, the Board of Trustees of the Arkansas...
§ 24-7-602. Military service credit - (a) (1) If an active member of the Arkansas Teacher...
§ 24-7-603. Out-of-state service — Definition - (a) As used in this section, “out-of-state service” means service...
§ 24-7-604. Overseas service - (a) As used in this section, “overseas service” means service...
§ 24-7-605. Service in General Assembly - (a) (1) (A) (i) Any member of the Senate or...
§ 24-7-606. Service for leave of absence to obtain advanced degree - (a) (1) From and after June 28, 1985, any public...
§ 24-7-607. Private school service — Definition - (a) As used in this section, “private school service” means...
§ 24-7-608. Limitation on benefit enhancement - (a) A benefit enhancement provided for by this act shall...
§ 24-7-610. Credit for service in National Guard and armed forces reserve — Definition - (a) As used in this section, “armed forces reserve” means...
§ 24-7-611. Domestic federal service — Definition - (a) As used in this section, “domestic federal service” means...
§ 24-7-612. Service credit purchase - (a) A member who purchases service credit in the Arkansas...
Subchapter 7 - Arkansas Teacher Retirement System — Benefits
§ 24-7-701. Voluntary retirement - (a) (1) (A) Except as provided under subdivision (a)(2) of...
§ 24-7-702. Early voluntary retirement - (a) (1) (A) Except as provided under subdivision (a)(2) of...
§ 24-7-704. Disability retirement - (a) (1) (A) An active member in employer service with...
§ 24-7-705. Life annuity - (a) (1) (A) (i) For a member who is retired...
§ 24-7-706. Annuity options - (a) (1) Before the date the first payment of his...
§ 24-7-707. Deferred retirement - (a) (1) (A) If an active member becomes inactive before...
§ 24-7-708. Employment of retired members by covered employers - (a) Effective July 1, 2009, after terminating employment under §...
§ 24-7-709. Disposition of member contributions — Residue - (a) (1) (A) If a retirant and his or her...
§ 24-7-710. Survivor annuity benefits - (a) (1) If an active member with five (5) or...
§ 24-7-711. Refund of member contributions upon termination - (a) (1) If a member discontinues covered employment, the member...
§ 24-7-712. Determination of benefit program - Any member last terminating teacher service before July 1, 1973,...
§ 24-7-713. Retirement annuity — Simple cost of living adjustment and monthly benefit stipend — Definition - (a) (1) July 1 of each year, retirants, survivors, participants...
§ 24-7-714. Increase in monthly benefits — Acts 1979, No. 655, and Acts 1981, No. 885 - (a) The monthly retirement benefit payable to retirants and beneficiaries...
§ 24-7-715. Benefit rights not subject to legal process — Definition - (a) As used in this section, “pension assignee” means an...
§ 24-7-718. Minimum financial conditions for benefit increases - (a) For an increase in benefit formulas to be effective,...
§ 24-7-719. Rollover of distributions — Definitions - (a) As used in this section: (1) “Direct rollover” means...
§ 24-7-720. Lump-sum benefit — Definition - (a) (1) (A) If prior to July 1, 2007, an...
§ 24-7-725. Limitation on benefit enhancement of § 24-7-702 - (a) A benefit enhancement provided by § 24-7-702 shall not...
§ 24-7-726. Computation of benefits based on contract salary - If a person employed in a public school district of...
§ 24-7-727. Compounded cost of living adjustments - (a) (1) After July 1, 1999, the Board of Trustees...
§ 24-7-728. Computation of benefits based on life annuity - The Board of Trustees of the Arkansas Teacher Retirement System...
§ 24-7-729. Adjustment of § 24-7-713 base amount - The base amount in § 24-7-713 will be adjusted at...
§ 24-7-730. Required distributions - (a) (1) Notwithstanding the provisions of this subchapter regarding the...
§ 24-7-731. Forfeitures - Notwithstanding the provisions of this subchapter, any forfeitures arising from...
§ 24-7-732. System termination or discontinuance — Vesting - Notwithstanding the provisions of this subchapter, members' accrued benefits under...
§ 24-7-733. Limitation on benefits - (a) (1) Notwithstanding the provisions of this subchapter, benefits paid...
§ 24-7-734. Lost payees - (a) (1) Notwithstanding the provisions of this subchapter, each member...
§ 24-7-735. Contract buyout agreement — Settlements — Judgments — Calculation of benefits - (a) A member shall not accumulate service credit in the...
§ 24-7-736. Calculation of final average salary — Definition - (a) Compensation in excess of the limitations set forth in...
§ 24-7-738. Return to regular covered employment for service credit after disability retirement — Alternate option to return to disability retirement — Incentive to work - (a) If a member who has been on disability retirement...
Subchapter 8 - Alternate Plan for State Colleges
§ 24-7-801. Definitions - As used in this subchapter: (1) “Alternate retirement plan” means...
§ 24-7-803. Provisions of subchapter controlling - Insofar as the provisions of this subchapter are, or may...
§ 24-7-804. Establishment and administration of plan - (a) The board of any college and the Arkansas Higher...
§ 24-7-805. Methods of providing benefits — Agent for service of process - (a) An alternate retirement plan may be a separate system...
§ 24-7-806. Procedure for designation of companies to provide benefit contracts - (a) The board of each college or university, or the...
§ 24-7-807. Participation in plan - Participation in an alternate retirement plan established pursuant to this...
§ 24-7-808. Contributions - (a) (1) Any college or university which elects to establish...
Subchapter 9 - Alternate Plan for Vocational-Technical Schools
§ 24-7-901. Definitions - As used in this subchapter, unless the context otherwise requires:...
§ 24-7-903. Provisions of subchapter controlling - Insofar as the provisions of this subchapter are, or may...
§ 24-7-904. Establishment and administration of plan - (a) The Career Education and Workforce Development Board may establish...
§ 24-7-905. Methods of providing benefits — Agent for service of process - (a) An alternate retirement plan may be a separate system...
§ 24-7-906. Approval of companies and contracts - (a) The Career Education and Workforce Development Board shall approve...
§ 24-7-907. Participation in plan - Participation in an alternate retirement plan established pursuant to this...
§ 24-7-908. Contributions - (a) (1) The Department of Career Education shall contribute to...
§ 24-7-909. Extension of group insurance coverage by dependents of deceased eligible employee - Upon the death of an insured eligible employee of an...
Subchapter 10 - Employees of Particular Institutions
§ 24-7-1001. Membership in Arkansas Public Employees' Retirement System for certain employees of state colleges - (a) The Board of Trustees of the Arkansas Public Employees'...
§ 24-7-1002. Membership in Arkansas Public Employees' Retirement System for certain employees of colleges, universities, and community colleges - (a) All persons, except those who are eligible for membership...
§ 24-7-1008. Continued membership in retirement plan — Election - (a) (1) Each instructor and administrative staff member of a...
§ 24-7-1009. Retirement plan options for employees of campuses, units, and divisions of the University of Arkansas System - (a) (1) An employee of a campus, unit, or division...
Subchapter 11 - Nonteaching Employees of Public Schools
§ 24-7-1101. Membership in Arkansas Public Employees' Retirement System - (a) The Board of Trustees of the Arkansas Public Employees'...
Subchapter 13 - Teacher Deferred Retirement Option Plan
§ 24-7-1301. Election to participate — Conditions - (a) In lieu of terminating employment and accepting a service...
§ 24-7-1302. Application — Review - (a) To participate in the Teacher Deferred Retirement Option Plan,...
§ 24-7-1303. Contributions to Arkansas Teacher Retirement System - (a) (1) When a member begins participation in the Teacher...
§ 24-7-1304. Election of annuity options - (a) A member who elects participation in the Teacher Deferred...
§ 24-7-1305. Benefits - The member's Teacher Deferred Retirement Option Plan benefit shall be...
§ 24-7-1306. Amount of deposits - (a) Teacher Deferred Retirement Option Plan deposits shall be a...
§ 24-7-1307. Account — Credit - (a) The member's Teacher Deferred Retirement Option Plan account shall...
§ 24-7-1308. Termination of participation in Teacher Deferred Retirement Option Plan — Distribution options - (a) (1) The member's participation in the Teacher Deferred Retirement...
§ 24-7-1309. Benefits from Arkansas Teacher Retirement System - In the event that a Teacher Deferred Retirement Option Plan...
§ 24-7-1310. Death of participant - (a) In the event that a Teacher Deferred Retirement Option...
§ 24-7-1311. Term of participation in Teacher Deferred Retirement Option Plan - (a) The Arkansas Teacher Retirement System's monthly deposit into the...
§ 24-7-1312. Federal taxation - (a) The Teacher Deferred Retirement Option Plan is intended to...
§ 24-7-1313. Limitation on benefit enhancement — Acts 1997, No. 953 - (a) A benefit enhancement provided for by § 24-7-1306 shall...
§ 24-7-1315. Duty of board of trustees - The Board of Trustees of the Arkansas Teacher Retirement System...
§ 24-7-1316. Funding objectives of Teacher Deferred Retirement Option Plan — Cost neutrality - As part of its obligation to ensure that the Teacher...
Subchapter 15 - Retirants' Ad Hoc Increase Act
§ 24-7-1501. Title - This subchapter shall be known and may be cited as...
§ 24-7-1502. Benefit generally - (a) (1) The annual benefit payable to eligible retirees, survivors,...
§ 24-7-1503. Ad hoc benefit formula - The schedule of decade dollar amounts per year of credited...
§ 24-7-1504. Promulgation of rules — Duty of board - (a) The Board of Trustees of the Arkansas Teacher Retirement...
Subchapter 16 - Arkansas Teacher Retirement System — Optional Participation by Employees of Institutions of Higher Education
§ 24-7-1601. Legislative history — Findings — Intent - (a) It is found and determined by the General Assembly...
§ 24-7-1602. Definitions - As used in this subchapter: (1) “Alternative retirement plan” means...
§ 24-7-1603. Provisions of subchapter controlling - (a) (1) This subchapter controls any inconsistent provision of any...
§ 24-7-1604. Coverage for employees enrolled in Arkansas Teacher Retirement System before July 1, 2011 - (a) Beginning July 1, 2011, all current employees of a...
§ 24-7-1605. Optional participation by institution of higher education employers on or after July 1, 2011 - (a) (1) A PSHE employer shall adopt and record a...
§ 24-7-1606. Concurrent participation and certain salary credit prohibited - (a) A benefits-eligible employee shall not participate in an alternate...
§ 24-7-1607. Duties and responsibilities of board - The Board of Trustees of the Arkansas Teacher Retirement System...