§ 24-10-613. Disposition of accumulated contributions
(a) (1) On or after July 1, 2013, if a retirant and his or her eligible beneficiary, if any, both die before they have received in annuity payments a total amount equal to the accumulated contributions standing to the retirant’s credit in the Arkansas Local Police and Fire Retirement System at the time of his […]
§ 24-10-508. Service credit
(a) An active member of the Arkansas Local Police and Fire Retirement System who has at least five (5) years of actual service and who has service in an Arkansas law enforcement agency or fire department and who has been employed as a public safety or law enforcement officer in any agency not covered by […]
§ 24-10-509. Service credit not years of service
Service credit granted under § 24-10-508 shall not be considered as years of service for the purpose of benefit calculation.
§ 24-10-510. Service credit for former military personnel
(a) An active member of the Arkansas Local Police and Fire Retirement System may purchase credited service in the system equivalent to a period not to exceed five (5) years for service rendered by the member while on active duty in the United States Armed Forces before the member’s employment covered by the system, if […]
§ 24-10-601. Generally
No benefit shall be paid by the Arkansas Local Police and Fire Retirement System based upon pay which is covered by any other retirement plan, except Social Security.
§ 24-10-602. Annuity generally
(a) Upon a member’s retirement, he or she shall receive an annuity for life in accordance with the applicable benefit program elected by his or her employer, as follows: (1) Benefit Program 1. (A) For each year of paid service resulting from employment: (i) In a position not also covered by Social Security, two and […]
§ 24-10-603. Annuity options
(a) Before the date the first payment of a member’s annuity becomes due, but not thereafter, a member may elect in a manner prescribed by the Arkansas Local Police and Fire Retirement System to receive his or her annuity as an Option A60 annuity under this section, or the member may elect to have his […]
§ 24-10-604. Voluntary retirement
(a) (1) A member in covered employment may retire with an annuity provided for in § 24-10-602 upon his or her written application to the Board of Trustees of the Arkansas Local Police and Fire Retirement System setting forth at what time, at least thirty (30) days but not more than ninety (90) days subsequent […]
§ 24-10-410. Delinquent payments
(a) If any political subdivision fails to make any payment due the Arkansas Local Police and Fire Retirement System for a period of ten (10) days after the payment is due, the political subdivision shall become delinquent, and the delinquency shall be certified by the Board of Trustees of the Arkansas Local Police and Fire […]
§ 24-10-605. Compulsory retirement
(a) A member’s employer shall determine the compulsory separation age for its employees. (b) Upon his or her separation from his or her last covered employment, a member with five (5) or more years of credited service in force who has attained his or her normal retirement age shall receive an annuity provided for in […]