§ 24-8-217. Eligibility for benefits — Disability retirement
(a) Any member of the Arkansas Judicial Retirement System who has served a minimum of three (3) consecutive years shall receive retirement benefits if any incapacitating disability as determined by the Board of Trustees of the Arkansas Judicial Retirement System shall occur during any term for which the judge has been elected. (b) The three-year […]
§ 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 […]
§ 24-8-202. Applicability
The provisions of this act shall not be retroactive but shall extend benefits from the time of its passage. It shall also apply to judges now living who retired prior to the passage of this act and to the survivors of those judges.
§ 24-8-203. Board of trustees
(a) The administration and control of the Arkansas Judicial Retirement System shall be vested in a board known as the “Board of Trustees of the Arkansas Judicial Retirement System”. (b) (1) The members of the board shall consist of five (5) persons appointed by the Arkansas Judicial Council. (2) The members shall serve at the […]
§ 24-8-204. Administration
(a) (1) The executive director and administrative staff of the Arkansas Public Employees’ Retirement System shall be the executive director and administrative staff of the Arkansas Judicial Retirement System. (2) All administrative records of the Arkansas Judicial Retirement System shall be maintained within the administrative offices of the Arkansas Public Employees’ Retirement System. (b) (1) […]
§ 24-8-205. Trust fund
(a) In addition to the Judges Retirement Fund in the State Treasury, a bank trust fund or funds may be established and maintained in a federally insured depository institution designated by the Board of Trustees of the Arkansas Judicial Retirement System. (b) The board shall be the trustees of the funds, subject to the other […]
§ 24-8-206. Annual actuarial valuation
An actuarial valuation shall be made annually to determine how well the Arkansas Judicial Retirement System is meeting the financial objectives applicable to all state-supported retirement systems.
§ 24-8-207. Membership generally — Prior service credit
(a) All chancery judges, circuit judges, judges of the Court of Appeals and justices of the Supreme Court, whether elected or appointed to office, shall participate in the Arkansas Judicial Retirement System. (b) Any active member who did not become a member at the time of his or her initial election or appointment may acquire […]
§ 24-8-209. Contributions — Members — Refund
(a) The contribution of each member of the Arkansas Judicial Retirement System shall be six percent (6%) of each member’s annual salary. (b) In the event a judge ceases to be a member prior to qualifying for retirement benefits, he or she shall be entitled to a refund of all contributions paid by him or […]
§ 24-8-210. 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 on each July 1 to the Judges Retirement Fund from the Constitutional Officers Fund and the […]