§ 24-11-434. Deferred retirement option plan
(a) (1) In lieu of terminating employment and accepting a service retirement pension under this subchapter, a police officer who is a member of a policemen’s pension and relief fund who has not less than twenty (20) years of credited service and who is eligible to receive a service retirement pension may elect to participate […]
§ 24-11-436. Military service
(a) If a member of a policemen’s pension and relief fund who while an employee enters the United States Armed Forces during any period of compulsory or voluntary military service, the service shall be credited under this subchapter. (b) (1) In any case of doubt as to the period of armed service to be so […]
§ 24-11-437. Credited service — Purchase of former law enforcement service
(a) If the local board of trustees for a policemen’s pension and relief fund decides to extend this benefit for its members and if the pension fund will be actuarially sound as determined by the actuary for the Arkansas Fire and Police Pension Review Board after this benefit increase is extended to members, any member […]
§ 24-11-438. Police-related service
(a) Any member of a policemen’s pension and relief fund who has police-related service with the municipal government shall be entitled to purchase credited service in the system equivalent to the amount of employment service he or she has with the municipal police department in a position as police-related employment service up to a maximum […]
§ 24-11-421. Credited service — Restoration
(a) (1) In the event a former member again becomes an employee of the same police department where previously employed, the police officer shall again become a member of the system, and the credited service forfeited by him or her shall be restored to his or her credit, but only if he or she returns […]
§ 24-11-403. Creation of fund — Tax levy
(a) Annually, a tax not to exceed one (1) mill on the dollar of all taxable property in any cities or towns in this state is levied as a fund for pensioned and superannuated members of the police department, for the surviving spouses and minor children or dependent parents of deceased members of the police […]
§ 24-11-404. Tax levy for pensions in cities of first and second class
(a) (1) After being once approved by a majority of those voting on the question at any general or special election in any city of the first class or city of the second class, a tax not to exceed one (1) mill on the dollar upon the assessed value of the real and personal property […]
§ 24-11-405. Board of trustees
(a) The board of trustees of the policemen’s pension and relief fund shall consist of seven (7) members as follows: (1) The chief executive officer of the city, who shall be chair of the board; (2) The city treasurer, who shall be treasurer of the fund; (3) (A) (i) Five (5) active or retired members […]
§ 24-11-406. Administration of small funds by Arkansas Local Police and Fire Retirement System
(a) (1) In those local police pension and relief funds that cover fewer than five (5) members, a local board of trustees may no longer exist, and the fund shall be designated as inactive by the employer. (2) As used in this section, “member” includes an active member or a retired member of the fund […]
§ 24-11-407. List of retired police officers
(a) There shall be kept in the office of the board of trustees by the secretary a book known as the list of retired police officers. (b) This book shall give the full and complete history and record of action of the board of trustees in retiring any and all persons under this subchapter. (c) […]