§ 24-11-401. Applicability
This subchapter shall not apply to any city that had a policemen’s pension and relief fund on June 10, 1937.
§ 24-11-402. Vote to effect subchapter
(a) The provisions of this subchapter shall be suspended and inoperative in any city affected by the provisions of this subchapter until made available by a vote favorable thereto of the majority of qualified electors of the cities participating in any election on the question and held at a special election in accordance with § […]
§ 24-11-403. Creation of fund — Tax levy
(a) Annually, a tax not to exceed one (1) mill on the dollar of all taxable property in any cities or towns in this state is levied as a fund for pensioned and superannuated members of the police department, for the surviving spouses and minor children or dependent parents of deceased members of the police […]
§ 24-11-404. Tax levy for pensions in cities of first and second class
(a) (1) After being once approved by a majority of those voting on the question at any general or special election in any city of the first class or city of the second class, a tax not to exceed one (1) mill on the dollar upon the assessed value of the real and personal property […]
§ 24-11-405. Board of trustees
(a) The board of trustees of the policemen’s pension and relief fund shall consist of seven (7) members as follows: (1) The chief executive officer of the city, who shall be chair of the board; (2) The city treasurer, who shall be treasurer of the fund; (3) (A) (i) Five (5) active or retired members […]
§ 24-11-406. Administration of small funds by Arkansas Local Police and Fire Retirement System
(a) (1) In those local police pension and relief funds that cover fewer than five (5) members, a local board of trustees may no longer exist, and the fund shall be designated as inactive by the employer. (2) As used in this section, “member” includes an active member or a retired member of the fund […]
§ 24-11-407. List of retired police officers
(a) There shall be kept in the office of the board of trustees by the secretary a book known as the list of retired police officers. (b) This book shall give the full and complete history and record of action of the board of trustees in retiring any and all persons under this subchapter. (c) […]
§ 24-11-408. Treasurer as custodian of fund
(a) The treasurer shall be the custodian of the pension fund and shall keep his or her books and accounts concerning the funds in such manner as may be prescribed by the board. (b) The books and accounts shall be subject to the inspection of any member of the board. (c) (1) Within ten (10) […]
§ 24-11-409. Deposit of moneys
The board shall deposit all moneys in the bank selected as the fiscal agent of the city in which it is located, but only if the moneys draw the same rate of interest as the city receives on its deposits. Otherwise, the board shall make its own selection of the bank.
§ 24-11-410. Investment
(a) The board of trustees of the policemen’s pension and relief fund shall have the power to draw sums from its treasury, only upon warrants signed by the chair of the board of trustees of the policemen’s pension and relief fund and countersigned by the policemen’s pension and relief fund, to invest in the name […]
§ 24-11-411. Payments
(a) Except as provided in subsection (c) of this section, all moneys paid from the pension and relief fund shall be paid by the treasurer only upon warrants signed by the chair and countersigned by the secretary thereof. (b) Except as provided in subsection (c) of this section, no warrant shall be drawn except by […]
§ 24-11-412. Report on condition of fund
The board of trustees shall report to the council or city commission the condition of the pension fund on the first regular meeting in January of each year.
§ 24-11-413. Moneys added to fund — Contributions
(a) There shall be added to the policemen’s pension and relief fund the following moneys: (1) All forfeitures and fines imposed upon any member of the police department by way of discipline; (2) All money given or donated to the fund; (3) All money deducted from the salary of any member of the police department […]
§ 24-11-415. Proceeds derived from sale of confiscated goods
(a) (1) (A) In all cities and towns, all goods confiscated by a police officer of the city, by the sheriff, or by an officer of the Department of Arkansas State Police within the city and that are no longer needed as evidence shall be sold at auction or Internet auction. (B) The auction or […]
§ 24-11-416. Proration where fund insufficient
If at any time there should not be sufficient money in the fund to pay each person a full amount to which he or she may be entitled, the beneficiaries shall be paid by prorating the fund available among them.
§ 24-11-417. Subjection of fund to legal process
(a) No portion of the policemen’s pension and relief fund shall at any time be subject to seizure or levy under any process whatsoever for the payment of any claim or debt held against any disabled member or the surviving spouse, dependent parent, or child of a deceased or retired member. (b) The fund shall […]
§ 24-11-418. Former military service credit purchase
(a) Any active member of a policemen’s pension and relief fund may purchase credited service in the pension fund equivalent to a period not to exceed five (5) years for service rendered by the member while on active duty in the United States Armed Forces before the member’s employment covered by the pension fund, if […]
§ 24-11-421. Credited service — Restoration
(a) (1) In the event a former member again becomes an employee of the same police department where previously employed, the police officer shall again become a member of the system, and the credited service forfeited by him or her shall be restored to his or her credit, but only if he or she returns […]
§ 24-11-422. Benefits — Voluntary retirement
(a) (1) (A) Any member of a police department who has performed faithful service for a period of at least twenty (20) years shall be eligible for voluntary retirement. (B) Upon written application by the member, the member shall be entitled to receive from the fund a monthly pension equal to one-half (½) the actual […]
§ 24-11-423. Benefits — Disability retirement
(a) (1) (A) If any member of a police department becomes physically or mentally permanently disabled and this fact is certified by a physician named by the local board of trustees, he or she shall be entitled to retire and receive a pension as provided herein. A member of the police department shall not be […]