§ 24-10-706. Duration
(a) The duration of participation in the Local Police and Fire Deferred Retirement Option Plan for active paid service police officers and firefighters shall not exceed seven (7) years. (b) At the conclusion of a member’s participation in the plan, the member shall terminate employment with the employer and shall start receiving the member’s monthly […]
§ 24-10-505. Public service with other Arkansas systems
(a) For the purpose of this section, “related system” means any of four (4) retirement systems: (1) The Arkansas Local Police and Fire Retirement System; (2) The Arkansas Public Employees’ Retirement System; (3) The State Police Retirement System; or (4) The Arkansas Teacher Retirement System. (b) The benefit payable by each related system shall be […]
§ 24-10-506. Other local police and fire service
(a) An active member of the Arkansas Local Police and Fire Retirement System shall be entitled to purchase credited service in the system equivalent to a period not to exceed fifteen (15) years if the member: (1) (A) Has at least five (5) years of actual service with the system. (B) A member hired on […]
§ 24-10-507. Reciprocal system
(a) The Arkansas Local Police and Fire Retirement System is a reciprocal system under the provisions of §§ 24-2-401 — 24-2-405. (b) In establishing eligibility for a benefit from the Arkansas Local Police and Fire Retirement System, the credited service under all reciprocal systems shall be totaled and the total credited service shall be used […]
§ 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 […]