§ 24-8-702. Definitions
As used in this subchapter: (1) “Board” means the Board of Trustees of the Arkansas Judicial Retirement System; (2) “Consumer price index” means the Consumer Price Index for all Urban Consumers, as determined by the United States Department of Labor, in effect on January 1, 1999, except that if the consumer price index is subsequently […]
§ 24-8-703. Creation of Tier Two Actual Judicial Service Benefit Plan
A Tier Two Actual Judicial Service Benefit Plan for the Arkansas Judicial Retirement System is established pursuant to this subchapter.
§ 24-8-704. Membership generally
(a) Whether elected or appointed to office, all chancery, circuit, and circuit-chancery judges, judges of the Court of Appeals, and justices of the Supreme Court shall participate in the Arkansas Judicial Retirement System. (b) A person who becomes a member of the system on or after July 30, 1999, shall participate in the Tier Two […]
§ 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 […]
§ 24-8-406. Eligibility for benefits for any judge of municipal court or county municipal court prior to 1995 — Eligibility for benefits for county municipal judge after 1995
(a) (1) Any judge of a municipal court or county municipal court prior to January 1, 1995, to which this subchapter applies who shall attain age fifty (50) and who shall have served at least sixteen (16) years in office as municipal judge, or at least sixteen (16) years combined service as municipal judge and […]
§ 24-8-310. Eligibility for benefits — Judge unlicensed to practice law
(a) Any judge of a municipal court who is not licensed to practice law, who has served at least twenty (20) years as municipal judge or police judge, and who resigns, retires, or is succeeded in office shall receive retirement benefits upon attaining age sixty (60). (b) These benefits shall continue for and during the […]
§ 24-8-407. Eligibility for benefits — Twenty years of service
(a) Any judge of a municipal court to which this subchapter applies who shall have served at least twenty (20) years in office as municipal judge, irrespective of age, shall be eligible to receive retirement benefits provided by this subchapter. (b) If the judge resigns, retires from office, or is succeeded in office by another […]
§ 24-8-311. Eligibility for benefits — Clerks
(a) (1) Any clerk of a municipal court to which this subchapter applies, appointed by the judges of the court, shall be eligible to receive retirement benefits provided by this subchapter who: (A) Attains age sixty (60) and has served in office as clerk for at least ten (10) years; or (B) Has served in […]
§ 24-8-408. Eligibility for benefits — Clerks
(a) (1) Any clerk of a municipal court to which this subchapter applies, appointed by the judge or judges of the court, shall be eligible to receive retirement benefits provided by this subchapter who: (A) Attains age sixty (60) and has served in office as clerk for at least ten (10) years; (B) Attains age […]