§ 24-8-717. Redetermination of benefits
Notwithstanding § 24-8-715 [repealed], each July 1 the Arkansas Judicial Retirement System shall redetermine the amount of each monthly benefit which has been paid by the system under the Tier Two Actual Judicial Service Benefit Plan for at least twelve (12) full calendar months. The redetermined amount shall be payable for the following twelve (12) […]
§ 24-8-901. Definition
As used in this subchapter, “municipal judge’s retirement fund” means a local municipal judge and clerk retirement fund established by a local government under § 24-8-301 et seq., § 24-8-401 et seq., or § 24-8-501 et seq.
§ 24-8-902. Additional funding for district court clerks
(a) A local government that has established a municipal judge’s retirement fund shall contribute an amount of money to the Arkansas Public Employees’ Retirement System that shall represent the actuarially determined accrued liability for those court clerks and former court clerks who are covered by the municipal judge’s retirement fund on December 31, 2004. (b) […]
§ 24-8-903. Retirement membership of district court clerks
(a) All municipal court clerks and district court clerks who are members of a municipal judge’s retirement fund on December 31, 2004, shall become members of the Arkansas Public Employees’ Retirement System on January 1, 2005. (b) If the local government employing the district court clerk on December 31, 2004, is not a participating employer […]
§ 24-8-904. Reciprocal system
(a) Court clerks placed in the Arkansas Public Employees’ Retirement System under this subchapter shall be covered by the reciprocal provisions of §§ 24-2-401 — 24-2-404. (b) There is no reciprocal service between the local municipal judge retirement systems and the reciprocal systems listed in § 24-2-401(3) before January 1, 2005. (c) In establishing eligibility […]
§ 24-8-705. Members electing coverage
(a) A member electing coverage under this subchapter shall be entitled to: (1) A refund to the member for any credited service purchased under the Arkansas Judicial Retirement System together with six percent (6%) interest compounded annually from the date of payment; (2) Restoration of service to another state-supported retirement system of any credited service […]
§ 24-8-706. Contributions — Members — Refund
(a) The contribution of each member of the Tier Two Actual Judicial Service Benefit Plan for the Arkansas Judicial Retirement System shall be five percent (5%) of each member’s annual salary. (b) If a judge or justice ceases to be a member prior to qualifying for retirement benefits, he or she shall be entitled to […]
§ 24-8-707. Contributions — State
(a) The state, as employer, shall make contributions to the Arkansas Judicial Retirement System of twelve percent (12%) of the active member payroll. (b) The Chief Fiscal Officer of the State is authorized and directed to make annual transfers each July 1 to the Judges Retirement Fund from the Constitutional Officers Fund and the State […]
§ 24-8-708. Contributions — Cessation upon maximum benefit eligibility
When a judge or justice has sufficient service to receive the maximum benefit under § 24-8-713(a), no further contribution shall be required.
§ 24-8-709. Actual service requirement
Benefits and eligibility for benefits under this subchapter shall be based on actual service in the Arkansas Judicial Retirement System. Laws allowing the purchase of credited service or providing free credited service shall not apply to this subchapter. However, the provisions of § 24-2-401 et seq. may be used to meet the service requirements of […]