§ 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Notwithstanding § 24-8-715 [repealed], each July 1 the Arkansas Judicial Retirement System shall redetermine the amount of each monthly benefit which has been paid by the system under the Tier Two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 […]
§ 24-8-708. 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 […]
§ 24-8-710. Eligibility for benefits — Retirement generally
(a) Any member who has a minimum of twenty (20) years of actual service may retire regardless of age, and any judge or justice who has served at least eight (8) years shall be eligible for benefits upon reaching age sixty-five (65). (b) (1) Any judge or justice who becomes seventy (70) years of age […]
§ 24-8-711. Eligibility for benefits — Early retirement
(a) Any member of the Tier Two Actual Judicial Service Benefit Plan for the Arkansas Judicial Retirement System who has eight (8) years or more of actual service in the system may elect to retire and receive retirement benefits at any time after reaching age sixty-two (62) and before reaching age sixty-five (65). (b) The […]
§ 24-8-411. Funds closed
(a) The municipal judge and clerk retirement funds defined in this subchapter are closed effective December 31, 2004. (b) There will be no new members in these funds after December 31, 2004.