§ 24-12-131. Monthly benefit increase
Any former mayor of a municipality having a population of not fewer than twenty-one thousand eight hundred (21,800) nor more than twenty-two thousand eight hundred (22,800) according to the 1990 Federal Decennial Census who is receiving a monthly retirement annuity of two hundred fifty dollars ($250) from a municipality shall receive an increase to three […]
§ 24-12-132. Health benefits for retired municipal employees and officials
(a) A retired employee or official may participate in the healthcare plan of the municipality from which he or she retired if he or she: (1) Is receiving a retirement benefit from the Arkansas Local Police and Fire Retirement System, Arkansas Public Employees’ Retirement System, or a local pension fund; (2) Pays both the employer […]
§ 24-12-201. Definitions — Power to invest
(a) For purposes of this subchapter, “city” means a city of the first class, a city of the second class, and an unincorporated town. (b) Subject to subsection (c) of this section, a board of trustees of a city nonuniformed employees’ pension plan with assets in excess of one hundred thousand dollars ($100,000) shall have […]
§ 24-12-117. Benefits — Death of employee
(a) (1) If while in the performance of his or her duty any employee shall be killed or die as a result of injuries received in performing that duty, or shall die of a disease contracted by reason of that occupation, or shall die of natural causes while in service, and shall leave a spouse […]
§ 24-12-202. Authority to employ investment advisor — Investment policy
(a) A board of trustees of a city nonuniformed employees’ pension plan with assets in excess of one hundred thousand dollars ($100,000) may employ an investment advisor as its agent to make investment recommendations and to invest the assets pursuant to a written board investment policy, provided that the governing body of the city declares […]
§ 24-12-118. Funeral expenses
(a) Whenever an active or retired employee shall die or be killed, the board of trustees of the pension and relief fund for paid nonuniformed employees shall appropriate from the pension and relief fund for paid nonuniformed employees the sum of one hundred dollars ($100) to pay the funeral expenses of the decedent. (b) However, […]
§ 24-12-203. Immunity — Jurisdiction
(a) Trustees who comply with the requirements of § 24-2-618(a) are not liable to the beneficiaries or to the trust for the decisions or actions of the agent to whom the function was delegated. (b) By accepting the delegation of a trust function from the trustees of a trust that is subject to the law […]
§ 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 the first class or city of the second class may provide for retirement benefits established by this section for a city attorney elected or appointed to office. (b) In all cities of the first class and cities of the second class in this state, any […]
§ 24-12-204. Construction of subchapter
This act is cumulative to §§ 24-12-101 — 24-12-118 and shall not repeal those sections.
§ 24-12-121. City clerk — Clerk-treasurer
(a) (1) A city clerk or clerk-treasurer in a city of the first class may retire from office for the remainder of his or her life at the retirement pay provided in this section if the person has served as city clerk, clerk-treasurer, or city treasurer for: (A) Not less than ten (10) years, upon […]