-
(a) Court clerks placed in the Arkansas Public Employees’ Retirement System under this subchapter shall be covered by the reciprocal provisions of §§ 24-2-401 — 24-2-404.
-
(b) There is no reciprocal service between the local municipal judge retirement systems and the reciprocal systems listed in § 24-2-401(3) before January 1, 2005.
-
(c) In establishing eligibility for a benefit from each system, the credited service under all reciprocal systems is totaled, and the credited service is used in determining eligibility for each system benefit.
-
(d)
-
(1) Only the credited service under that system and the benefit formula of that system are used in determining the amount of a benefit from each system.
-
(2) This subchapter is not intended to decrease the benefits earned nor increase the eligibility requirements for members who were participants in a local plan, as authorized by law, prior to January 1, 2005.
-
(3) The benefits earned and those eligibility requirements shall transfer to the Arkansas Public Employees’ Retirement System.
-
-
(e) If a system provides a benefit amount that is not dependent on length of credited service, the benefit amount shall be reduced to the proportion that system-credited service bears to total reciprocal system-credited service.
