§ 24-6-415. Exclusion from plan
Members of the State Police Retirement System participating in the benefit program provided by this subchapter shall not be eligible for participation in the Arkansas State Police Officers’ Deferred Option Plan provided in § 24-6-301 et seq.
§ 24-6-402. Membership
(a) All state police officers first hired on or after April 3, 1997, shall be covered by the benefit provision of this subchapter. (b) (1) All state police officers who were hired prior to April 3, 1997, and who are active members of the State Police Retirement System on April 3, 1997, shall have twelve […]
§ 24-6-403. Definitions
As used in this subchapter: (1) “Accumulated contribution” means the sum of all amounts deducted from the salaries of a member and credited to his or her individual account in the members’ deposit account, together with regular interest credited thereon; (2) “Actual service” means the service credited to a member under this subchapter. Employment in […]
§ 24-6-404. Eligibility for benefits — Voluntary retirement
(a) (1) Any member who has acquired five (5) years but less than thirty (30) years of credited service and has attained age sixty-five (65) may retire upon his or her written application filed with the Board of Trustees of the State Police Retirement System. (2) Any member who has acquired thirty (30) or more […]
§ 24-6-401. Creation of Tier Two Benefit Plan
A Tier Two Benefit Plan for the State Police Retirement System is created and established in conformance with this subchapter.