Arkansas Code
Title 24 - Retirement And Pensions

§ 24-10-304. Transfer of municipal police department officers from Arkansas Public Employees' Retirement System - (a) Any municipal police department whose employees were covered by...

Subchapter 4 - Funds — Contributions — Management of Assets

§ 24-10-401. Financial objectives and actuarial valuations - (a) (1) The general financial objective of the Arkansas Local...

§ 24-10-402. Investments — Definition - (a) (1) The Board of Trustees of the Arkansas Local...

§ 24-10-403. Asset accounts - All the assets of the Arkansas Local Police and Fire...

§ 24-10-404. Members' deposit account — Contributions - (a) The members' deposit account, as created by § 24-10-403,...

§ 24-10-405. Employer accumulation account — Contributions - (a) The employer accumulation account as created by this section...

§ 24-10-406. Retirement reserve account - The retirement reserve account, as created by this section, shall...

§ 24-10-407. Income-expense account - (a) The income-expense account, as created by this section, shall...

§ 24-10-408. State contributions — System administrative expenses - (a) Subject to the provisions of this chapter, the state...

§ 24-10-409. Proration of state revenues between political subdivision and its relief fund - (a) For each political subdivision with a relief fund in...

§ 24-10-410. Delinquent payments - (a) If any political subdivision fails to make any payment...

Subchapter 5 - Credited Service

§ 24-10-501. Paid and volunteer service - (a) (1) The Board of Trustees of the Arkansas Local...

§ 24-10-502. Military service - (a) In the event a member who while an employee...

§ 24-10-503. Disability - (a) In the event a member in covered employment becomes...

§ 24-10-504. Forfeiture and restoration. [Effective until January 1, 2020.] - (a) (1) When a member is no longer employed by...

§ 24-10-504. Forfeiture and restoration. [Effective January 1, 2020.] - (a) (1) When a member is no longer employed by...

§ 24-10-505. Public service with other Arkansas systems - (a) For the purpose of this section, “related system” means...

§ 24-10-506. Other local police and fire service - (a) An active member of the Arkansas Local Police and...

§ 24-10-507. Reciprocal system - (a) The Arkansas Local Police and Fire Retirement System is...

§ 24-10-508. Service credit - (a) An active member of the Arkansas Local Police and...

§ 24-10-509. Service credit not years of service - Service credit granted under § 24-10-508 shall not be considered...

§ 24-10-510. Service credit for former military personnel - (a) An active member of the Arkansas Local Police and...

Subchapter 6 - Benefits

§ 24-10-601. Generally - No benefit shall be paid by the Arkansas Local Police...

§ 24-10-602. Annuity generally - (a) Upon a member's retirement, he or she shall receive...

§ 24-10-603. Annuity options - (a) Before the date the first payment of a member's...

§ 24-10-604. Voluntary retirement - (a) (1) A member in covered employment may retire with...

§ 24-10-605. Compulsory retirement - (a) A member's employer shall determine the compulsory separation age...

§ 24-10-606. Early retirement - (a) An active member in covered employment who has not...

§ 24-10-607. Disability retirement — Definition - (a) (1) (A) (i) An active member with five (5)...

§ 24-10-608. Death of member in paid service - (a) (1) If an active member with five (5) or...

§ 24-10-609. Death of member in volunteer service - (a) (1) If an active member who has accrued five...

§ 24-10-610. Limitations on death and disability annuities - If a death annuity is payable on behalf of a...

§ 24-10-611. Termination of covered employment - (a) A member who terminates covered employment before attaining his...

§ 24-10-612. Redetermination of benefits - (a) Beginning with the July 1 that is at least...

§ 24-10-613. Disposition of accumulated contributions - (a) (1) On or after July 1, 2013, if a...

§ 24-10-614. Payment of reserve value - (a) The plan may pay the reserve value of any...

§ 24-10-615. Suspension of payments upon request - (a) Notwithstanding any other provision of a plan, a person...

§ 24-10-616. Subjection of benefit rights to legal process - The right of a person to an annuity, the return...

§ 24-10-617. Survivor health benefits - (a) When a municipal employee who is vested in a...

§ 24-10-618. Limitation on benefits granted by Acts 1997, No. 765 - No benefit enhancement provided for by § 24-10-610 shall be...

§ 24-10-619. Limitation on benefits granted by Acts 1997, No. 1136 - No benefit enhancement provided for by §§ 24-10-604, 24-10-605, and...

§ 24-10-620. Limitations on benefits - (a) (1) Notwithstanding any language to the contrary under this...

Subchapter 7 - Local Police and Fire Deferred Retirement Option Plan

§ 24-10-701. Election to participate - (a) In lieu of terminating employment and accepting a voluntary...

§ 24-10-702. Credited service - (a) For purposes of this subchapter, “credited service”: (1) Includes...

§ 24-10-703. Contributions - (a) If a member begins participation in the Local Police...

§ 24-10-704. Benefits — Rate of return - (a) The member's monthly retirement benefit shall not change unless...

§ 24-10-705. Method of payment - At the option of the participant, the participant in the...

§ 24-10-706. Duration - (a) The duration of participation in the Local Police and...

§ 24-10-707. Death of participant - (a) If the participant dies during the period of participation...

§ 24-10-708. Disability of participant - If the participant becomes disabled during the period of participation...

§ 24-10-709. Partial-annuity-and-lump-sum option - (a) If a member does not terminate employment and retire...

Chapter 11 - Local Police And Fire Pension And Relief Funds

Subchapter 1 - General Provisions

§ 24-11-101. Legislative intent - (a) The provisions of this subchapter are intended to establish...

§ 24-11-102. Increase in benefits - (a) The board of trustees of a municipal firemen's relief...

§ 24-11-103. Actuarial valuation - (a) The cost of actuarial valuation made under the provisions...

§ 24-11-104. Rules - The Department of Finance and Administration is authorized to promulgate...

§ 24-11-105. Survivor benefits for spouses who remarry - The board of trustees of the local firemen's relief and...

Subchapter 2 - Disclosure of Financial Condition — Arkansas Fire and Police Pension Review Board

§ 24-11-201. Definitions - As used in this subchapter, unless the context otherwise requires:...

§ 24-11-202. Noncompliance with subchapter - (a) If it is determined that a plan is not...

§ 24-11-203. Arkansas Fire and Police Pension Review Board - (a) The purpose of this section, which creates and establishes...

§ 24-11-204. General financial objective of plan - (a) The general financial objective of each plan shall be...

§ 24-11-205. Actuarial valuation - (a) (1) The Executive Director of the Arkansas Fire and...

§ 24-11-206. Annual financial report - (a) Each plan shall cause to be prepared an annual...

§ 24-11-207. Annual financial report — Duty of board of trustees - (a) (1) The board of trustees of each plan shall...

§ 24-11-208. Administration of underfunded plans - (a) The purpose of this section is to provide a...

§ 24-11-210. Requirements for qualified plans under Internal Revenue Code - (a) This section shall be considered a part of the...

§ 24-11-211. Arkansas Policemen's Pension Supplement Program - (a) (1) There is created the Arkansas Policemen's Pension Supplement...

§ 24-11-212. Future Supplement Fund - (a) A Future Supplement Fund is created for the purpose...

§ 24-11-213. Allocation of insurance premium tax — Apportionments - (a) (1) (A) The premium taxes collected under § 24-11-301...

§ 24-11-214. Allocation of insurance premium tax — Division among localities - (a) An actuary certified by the Society of Actuaries shall...

§ 24-11-215. Allocation of insurance premium tax — Special provisions - (a) Revenues distributed to the State of Arkansas as general...

§ 24-11-216. Minimum asset management standards - (a) A local firemen's relief and pension fund or a...

§ 24-11-217. Additional allocation for certain underfunded plans - (a) An additional allocation for certain underfunded plans as described...

Subchapter 3 - Police Pension and Relief Funds Generally

§ 24-11-301. Appropriation of tax revenues from foreign insurers - (a) (1) Sixty-six and two-thirds percent (662/3%) of the total...

Subchapter 4 - Police Pension and Relief Funds — Cities of the First Class

§ 24-11-401. Applicability - This subchapter shall not apply to any city that had...

§ 24-11-402. Vote to effect subchapter - (a) The provisions of this subchapter shall be suspended and...

§ 24-11-403. Creation of fund — Tax levy - (a) Annually, a tax not to exceed one (1) mill...

§ 24-11-404. Tax levy for pensions in cities of first and second class - (a) (1) After being once approved by a majority of...

§ 24-11-405. Board of trustees - (a) The board of trustees of the policemen's pension and...

§ 24-11-406. Administration of small funds by Arkansas Local Police and Fire Retirement System - (a) (1) In those local police pension and relief funds...

§ 24-11-407. List of retired police officers - (a) There shall be kept in the office of the...

§ 24-11-408. Treasurer as custodian of fund - (a) The treasurer shall be the custodian of the pension...

§ 24-11-409. Deposit of moneys - The board shall deposit all moneys in the bank selected...

§ 24-11-410. Investment - (a) The board of trustees of the policemen's pension and...

§ 24-11-411. Payments - (a) Except as provided in subsection (c) of this section,...

§ 24-11-412. Report on condition of fund - The board of trustees shall report to the council or...

§ 24-11-413. Moneys added to fund — Contributions - (a) There shall be added to the policemen's pension and...

§ 24-11-415. Proceeds derived from sale of confiscated goods - (a) (1) (A) In all cities and towns, all goods...

§ 24-11-416. Proration where fund insufficient - If at any time there should not be sufficient money...

§ 24-11-417. Subjection of fund to legal process - (a) No portion of the policemen's pension and relief fund...

§ 24-11-418. Former military service credit purchase - (a) Any active member of a policemen's pension and relief...

§ 24-11-421. Credited service — Restoration - (a) (1) In the event a former member again becomes...

§ 24-11-422. Benefits — Voluntary retirement - (a) (1) (A) Any member of a police department who...

§ 24-11-423. Benefits — Disability retirement - (a) (1) (A) If any member of a police department...

§ 24-11-424. Benefits — Retirant receiving less than one-half salary - Retired police officers who are eligible to receive benefits from...

§ 24-11-425. Benefits — Death of active or retired member - (a) (1) (A) If any active police officer or any...

§ 24-11-426. Optional vesting rights policy - (a) (1) Upon an actuarial determination that the policemen's pension...

§ 24-11-428. Return of salary deductions - In the event of resignation or discharge from the police...

§ 24-11-429. Vacation pay - The head or chief of each police department shall arrange...

§ 24-11-430. Death benefit - (a) When an active or retired police officer dies, the...

§ 24-11-432. Additional benefits for certain officers hired prior to January 1, 1983 - (a) Beginning July 1, 1987, in addition to the monthly...

§ 24-11-433. Police pension funds — Partial disability pensions - (a) (1) If a member of a police department of...

§ 24-11-434. Deferred retirement option plan - (a) (1) In lieu of terminating employment and accepting a...

§ 24-11-436. Military service - (a) If a member of a policemen's pension and relief...

§ 24-11-437. Credited service — Purchase of former law enforcement service - (a) If the local board of trustees for a policemen's...

§ 24-11-438. Police-related service - (a) Any member of a policemen's pension and relief fund...

Subchapter 8 - Firemen's Relief and Pension Funds

§ 24-11-801. Board of trustees — Members - (a) The board of trustees of every firemen's relief and...

§ 24-11-802. Board of trustees — Proceedings - (a) Meetings of the board of trustees may be called...

§ 24-11-803. Board of trustees — Powers - (a) In addition to the other powers granted in this...

§ 24-11-804. Administration of small funds by Arkansas Local Police and Fire Retirement System - (a) (1) In those local firemen's relief and pension funds...

§ 24-11-805. Investment - (a) (1) All moneys provided for the firemen's relief and...

§ 24-11-806. Payments generally - (a) Except as provided in subsection (b) of this section,...

§ 24-11-807. Minimum payments generally — Proration upon insufficiency of fund — Supplemental pensions - (a) For volunteer firefighters, in no case shall the payment...

§ 24-11-809. Apportionment of insurance premium tax generally - (a) (1) There is apportioned and set aside for the...

§ 24-11-811. Appropriations of insurance premium tax — Planned community property owners' associations - (a) As used in this section, “planned community property owners'...

§ 24-11-812. Tax levy by city council - (a) (1) After being once approved by a majority of...

§ 24-11-813. Clerk's report to pension review board - It is made the duty of the clerk of each...

§ 24-11-814. Subjection of fund to legal process - (a) Either before or after its order of disbursement by...

§ 24-11-815. Appeals - Any person possessing the qualifications required under this act who...

§ 24-11-816. Membership — Contributions - (a) (1) Within sixty (60) days from July 1, 1975,...

§ 24-11-817. Military service - (a) In the event that a member of a firemen's...

§ 24-11-818. Benefits — Voluntary retirement - (a) (1) (A) As used in this section, unless the...

§ 24-11-819. Benefits — Disability retirement - (a) (1) Any firefighter who becomes totally and permanently physically...

§ 24-11-820. Benefits — Death of active or retired member other than while employed outside department - (a) (1) Whenever any member of a fire department of...

§ 24-11-822. Benefits — Payments upon death of retirant or beneficiary - (a) (1) If a retirant and his or her eligible...

§ 24-11-823. Increase in benefits for certain persons retired due to total permanent disability - (a) The board of trustees of any municipal firemen's relief...

§ 24-11-824. Fire protection districts - (a) Any fire protection district in this state formed pursuant...

§ 24-11-825. Pensions for volunteer firefighters - (a) Upon termination of volunteer firefighter service with all Arkansas...

§ 24-11-826. Additional benefits for certain firefighters hired prior to January 1, 1983 — Definition - (a) (1) Beginning July 1, 1987, in addition to the...

§ 24-11-827. Retired member returning to active status - (a) Notwithstanding any other provision of the law to the...

§ 24-11-829. Increase in surviving spouse benefits - (a) Notwithstanding the other provisions of this chapter, the board...

§ 24-11-830. Deferred retirement option plan - (a) In lieu of terminating employment and accepting a service...

§ 24-11-832. Applicability of § 24-11-820 - The provisions of § 24-11-820(b)(1) and (2) extending the survivorship...

§ 24-11-833. Fire-related service - (a) A member of a firemen's relief and pension fund...

§ 24-11-834. Former military service credit purchase - (a) An active member of a firemen's relief and pension...

Chapter 12 - Local Officers And Employees — Miscellaneous Provisions

Subchapter 1 - General Provisions

§ 24-12-101. Definitions - As used in this act, “paid nonuniformed employees”: (1) Means...

§ 24-12-102. Applicability - This act shall not apply to any city having a...

§ 24-12-103. Vote to effect act - (a) The provisions of this act shall be suspended and...

§ 24-12-104. Tax levy to support fund - (a) Annually, a tax not to exceed one and one-half...

§ 24-12-105. Board of trustees - (a) (1) The board of trustees of the pension and...

§ 24-12-106. List of retired employees - (a) There shall be kept in the office of the...

§ 24-12-107. Treasurer as custodian of fund - (a) The treasurer shall be custodian of the pension and...

§ 24-12-108. Deposit of moneys - The board shall deposit all moneys in the bank selected...

§ 24-12-109. Investment - (a) The board of trustees of the pension and relief...

§ 24-12-110. Payments - (a) Except as provided in subsection (c) of this section,...

§ 24-12-111. Moneys added to fund — Refunds - (a) There shall be added to the fund pension and...

§ 24-12-112. Proration upon insufficiency of fund - If at any time there should not be sufficient money...

§ 24-12-113. Report on condition of fund - The board of trustees of the pension and relief fund...

§ 24-12-114. Subjection of fund to legal process - (a) No portion of the pension and relief fund for...

§ 24-12-115. Benefits — Temporary total disability retirement — Voluntary retirement - (a) The board of trustees of the pension and relief...

§ 24-12-116. Benefits — Permanent total disability retirement - (a) If any paid nonuniformed employee, while in the performance...

§ 24-12-117. Benefits — Death of employee - (a) (1) If while in the performance of his or...

§ 24-12-118. Funeral expenses - (a) Whenever an active or retired employee shall die or...

§ 24-12-120. City attorneys in cities of the first class and cities of the second class - (a) Upon approval by the governing body, a city of...

§ 24-12-121. City clerk — Clerk-treasurer - (a) (1) A city clerk or clerk-treasurer in a city...

§ 24-12-122. Deputy city clerks - (a) Any deputy city clerk in a city of the...

§ 24-12-123. Mayors of cities of the first class - (a) (1) (A) In all cities of the first class...

§ 24-12-124. Mayors of cities of the second class - (a) (1) A person who has served as mayor of...

§ 24-12-125. Treasurers of cities of the first class - (a) Upon approval of the governing body of any city...

§ 24-12-126. Participation in Arkansas Public Employees' Retirement System by certain city or utility managers - (a) The city or utility manager of any municipality in...

§ 24-12-127. Recorder-treasurers and city treasurers of the second class - (a) (1) Any recorder-treasurers and city treasurers in a city...

§ 24-12-128. County officials and employees - When any county official or county employee retires and either...

§ 24-12-129. Municipal officials and employees - When any municipal official or municipal employee age fifty-five (55)...

§ 24-12-130. Limitation on benefits provided by Acts 1997, No. 1098 - Nothing contained in § 24-12-129 should be interpreted to prevent...

§ 24-12-131. Monthly benefit increase - Any former mayor of a municipality having a population of...

§ 24-12-132. Health benefits for retired municipal employees and officials - (a) A retired employee or official may participate in the...

Subchapter 2 - Investment Advisor to Invest Plan Assets

§ 24-12-201. Definitions — Power to invest - (a) For purposes of this subchapter, “city” means a city...

§ 24-12-202. Authority to employ investment advisor — Investment policy - (a) A board of trustees of a city nonuniformed employees'...

§ 24-12-203. Immunity — Jurisdiction - (a) Trustees who comply with the requirements of § 24-2-618(a)...

§ 24-12-204. Construction of subchapter - This act is cumulative to §§ 24-12-101 — 24-12-118 and...

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Arkansas Code Title 24 - Retirement And Pensions

Arkansas Code
Title 24 - Retirement And Pensions