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(a) The contribution of each member of the Arkansas Judicial Retirement System shall be six percent (6%) of each member’s annual salary.
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(b) In the event a judge ceases to be a member prior to qualifying for retirement benefits, he or she shall be entitled to a refund of all contributions paid by him or her into the system.
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(c)
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(1) For purposes of deferring federal and state income tax and pursuant to the provisions of the Internal Revenue Code, 26 U.S.C. § 414 (h)(2), as adopted by § 26-51-414, the state shall pick up the members’ contributions to the judicial retirement fund as required by this section and payable on or after January 1, 1997.
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(2) Member contributions picked up by the state shall be paid from the same source of funds used for the payment of salary to a member. A deduction shall be made from each member’s salary, equal to the amount of the member’s contribution picked up by the employer. For all other purposes, member contributions picked up by the state shall be considered member contributions.
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(3) The provisions of subdivisions (c)(1) and (2) of this section providing for the state to pay the member’s contributions for tax deferral under the Internal Revenue Code, § 26-51-414(h), shall be effective from and retroactive to January 1, 1997.
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