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§ 24-7-1606. Concurrent participation and certain salary credit prohibited

(a) A benefits-eligible employee shall not participate in an alternate retirement plan and continue to accrue service credit with the Arkansas Teacher Retirement System. (b) If a benefits-eligible employee is first employed by a nonmandatory employer or PSHE employer after July 1, 2011, and is concurrently employed by another retirement system employer, all separate days […]

§ 24-7-1603. Provisions of subchapter controlling

(a) (1) This subchapter controls any inconsistent provision of any other law regarding the enrollment and coverage of an employee of a PSHE employer in either the Arkansas Teacher Retirement System retirement plan or an alternative retirement plan that is offered by a PSHE employer. (2) This subchapter is enacted to supersede and specifically control […]

§ 24-7-1307. Account — Credit

(a) The member’s Teacher Deferred Retirement Option Plan account shall be the account in which shall be accumulated the: (1) Plan deposits made on behalf of the member; and (2) Plan interest. (b) At the end of each fiscal year, the Board of Trustees of the Arkansas Teacher Retirement System shall credit each plan participant’s […]

§ 24-7-1309. Benefits from Arkansas Teacher Retirement System

In the event that a Teacher Deferred Retirement Option Plan participant applies for benefits from the Arkansas Teacher Retirement System pursuant to § 24-7-704 related to disability retirement, the application shall be treated as an application for voluntary retirement pursuant to § 24-7-701, and no benefits other than those that would be payable without regard […]

§ 24-7-1310. Death of participant

(a) In the event that a Teacher Deferred Retirement Option Plan participant dies, the benefits payable from the plan shall be determined according to § 24-7-710 and the rules and resolutions of the Arkansas Teacher Retirement System. (b) (1) However, the plan participant’s eligible surviving spouse may choose to receive the plan benefit in a […]

§ 24-7-1311. Term of participation in Teacher Deferred Retirement Option Plan

(a) The Arkansas Teacher Retirement System’s monthly deposit into the member’s Teacher Deferred Retirement Option Plan shall not exceed one (1) plan term of ten (10) consecutive years, beginning with the member’s plan date. (b) Once a member participates in the plan, the member shall no longer accrue service credit under any state-supported retirement system, […]