§ 24-7-702. Early voluntary retirement
(a) (1) (A) Except as provided under subdivision (a)(2) of this section, an active or inactive member who has a combined total of twenty-five (25) or more years of actual and reciprocal service, including purchased or free credited service, but has not attained sixty (60) years of age and is not eligible for retirement under […]
§ 24-7-704. Disability retirement
(a) (1) (A) An active member in employer service with five (5) or more years of actual and reciprocal service who becomes totally and permanently physically or mentally incapacitated for his or her job duties as a result of a personal injury or disease may be retired by the Board of Trustees of the Arkansas […]
§ 24-7-705. Life annuity
(a) (1) (A) (i) For a member who is retired or who is in the Teacher Deferred Retirement Option Plan as of June 30, 2013, the multipliers used at the time of retirement or entry into the Teacher Deferred Retirement Option Plan shall remain the multipliers used to calculate the member’s retirement benefits for retirement […]
§ 24-7-706. Annuity options
(a) (1) Before the date the first payment of his or her annuity becomes due, a member may elect to receive his or her annuity as a straight life annuity, or he or she may elect to receive the actuarial equivalent, at that time, of his or her straight life annuity in a reduced annuity […]
§ 24-7-707. Deferred retirement
(a) (1) (A) If an active member becomes inactive before the member reaches sixty (60) years of age and completes five (5) years of actual and reciprocal service or if the member has not obtained a refund or participated in a buyout plan of the member’s rights to benefits in the Arkansas Teacher Retirement System […]
§ 24-7-708. Employment of retired members by covered employers
(a) Effective July 1, 2009, after terminating employment under § 24-7-502 or reaching the age of normal retirement, a retirant may: (1) Accept employment with an employer covered by the Arkansas Teacher Retirement System without a limitation of his or her retirement annuity; and (2) Continue to receive his or her monthly retirement annuity. (b) […]
§ 24-7-709. Disposition of member contributions — Residue
(a) (1) (A) If a retirant and his or her option annuitants, if any, die before receiving annuity payments equal to the member’s residue amount, then the residue amount shall be paid to such persons as the retirant shall have nominated by written designation duly executed and filed with the Arkansas Teacher Retirement System. (B) […]
§ 24-7-710. Survivor annuity benefits
(a) (1) If an active member with five (5) or more years of actual and reciprocal service, including credited service for the year immediately preceding his or her death, dies before the receipt of retirement benefits from the Arkansas Teacher Retirement System, then the benefits provided in this section shall be paid to eligible survivors. […]
§ 24-7-711. Refund of member contributions upon termination
(a) (1) If a member discontinues covered employment, the member may elect to be paid a refund of his or her contributions and regular interest credited to the member’s deposit account within six (6) months following the date the member’s written application is filed with the Arkansas Teacher Retirement System. (2) Any contributions remaining on […]
§ 24-7-712. Determination of benefit program
Any member last terminating teacher service before July 1, 1973, shall receive, or shall have paid on his or her behalf, benefits in accordance with the benefit program in effect at the time of retirement.