§ 24-8-218. Retirement and survivors’ benefits generally
(a) The retirement benefits to be paid an eligible and qualified member or retiree under the provisions of this section shall be sixty percent (60%) of the annual salary payable to the last judicial office held and shall be payable for the recipient’s life. (b) (1) Survivors’ benefits shall be sixty-seven percent (67%) of the […]
§ 24-8-219. Rights of surviving unremarried spouses of certain judges
(a) The surviving unremarried spouse, sixty-five (65) years of age or older, of any person who served as a justice of the Supreme Court, as a judge of the Court of Appeals, or as a judge of any circuit or chancery court of the State of Arkansas for a period of eight (8) years or […]
§ 24-8-220. Restrictions on benefits
(a) Acts 1953, No. 365, as amended by this act, is to be in all of its sections complementary, except that no person may take benefits under two (2) or more sections of this act at the same time. (b) Retirement and survivors’ benefits shall be measured by the salary payable for the position last […]
§ 24-8-222. Credited service — Transfer of service as juvenile judge
(a) Any member of the Arkansas Judicial Retirement System who has credit in the Arkansas Public Employees’ Retirement System for service as a juvenile judge is authorized to transfer that credit to the Arkansas Judicial Retirement System by: (1) Notifying in writing the administrative body of each of the retirement systems of the intention to […]
§ 24-8-223. Redetermination of benefits
(a) Each July 1 the Arkansas Judicial Retirement System shall redetermine the amount of each monthly benefit which has been payable by the system for at least twelve (12) full calendar months. The redetermined amount shall be payable for the following twelve (12) calendar months. (b) The redetermined amount shall be the amount of benefit […]
§ 24-8-224. Benefits when serving past mandatory retirement age
(a) Notwithstanding § 24-8-215 regarding mandatory retirement under the Arkansas Judicial Retirement System for any judge or justice upon reaching seventy (70) years of age or any other law to the contrary, any judge or justice covered under the system who served continuously for at least sixteen (16) years, who is at least eighty (80) […]
§ 24-8-225. Limitation on benefit enhancement — Acts 1997, No. 926
(a) No benefit enhancement provided for by § 24-8-214 shall be implemented if it would cause the publicly supported retirement system’s unfunded actuarial accrued liabilities to exceed a thirty-year amortization. (b) No benefit enhancement provided for by § 24-8-214 shall be implemented by any publicly supported system which has unfunded actuarial accrued liabilities being amortized […]
§ 24-8-226. Minimum benefits
The following minimum benefits shall apply to any plan based only on actual service under the Arkansas Judicial Retirement System: (1) The annual minimum disability benefit shall be equal to twenty-five and six-tenths percent (25.6%) of the annual salary of the judge or justice; and (2) The annual minimum survivors’ benefit shall be an amount […]
§ 24-8-227. Definition
Unless the context requires otherwise, any listing of judges or justices in § 24-8-201 et seq. and § 24-8-701 et seq. shall include all judges and justices in the Arkansas Judicial Retirement System.
§ 24-8-228. Proposals to establish or revise benefits
(a) The Board of Trustees of the Arkansas Judicial Retirement System shall present to the Joint Committee on Public Retirement and Social Security Programs information concerning the statutory authority and actuarial appropriateness of proposed board actions to establish or revise a multiplier or any benefit. (b) An individual who received a refund of contributions from […]