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Home » US Law » 2020 Arkansas Code » Title 24 - Retirement And Pensions » Chapter 4 - Arkansas Public Employees' Retirement System » Subchapter 5 - Credited Service and Eligibility for Benefits

§ 24-4-501. Prior service credit generally — Straight life annuity

(a) (1) Any member of the Arkansas Public Employees’ Retirement System who became a member of the system on July 1, 1957, in the case of a state employee, or who became a member of the system on July 1, 1959, in the case of a county employee, and who was continuously employed by a […]

§ 24-4-507. Eligibility for benefits — Credited service

(a) (1) The Board of Trustees of the Arkansas Public Employees’ Retirement System shall determine, by appropriate rules consistent with the provisions of this chapter, the amount of service to be credited any member for any fiscal year. (2) (A) For periods of time prior to July 1, 1991, in no case shall less than […]

§ 24-4-508. Eligibility for benefits — Retirement generally

(a) Any member may voluntarily retire upon his or her written application filed with the Board of Trustees of the Arkansas Public Employees’ Retirement System setting forth at what time, not less than thirty (30) days nor more than ninety (90) days subsequent to the execution and filing of the application, that he or she […]

§ 24-4-510. Eligibility for benefits — Deferred and early annuities

(a) (1) (A) Any member or former member with sufficient years of actual service to qualify for a vested termination annuity who has not attained his or her normal retirement age may retire with an early annuity provided for in subsection (b) of this section upon his or her written application to the plan setting […]

§ 24-4-511. Eligibility for benefits — Disability retirement — Definitions

(a) (1) (A) (i) Except for members of the General Assembly who need at least ten (10) years of actual service, any active member with five (5) or more years of actual service, including actual service for at least eighteen (18) of the twenty-four (24) calendar months immediately preceding his or her disability, who becomes […]

§ 24-4-512. Eligibility for benefits — Prior service credit for county members

Any member of the County Division of the Arkansas Public Employees’ Retirement System may, upon application and submission of proper proof to the Board of Trustees of the Arkansas Public Employees’ Retirement System, receive credit for any service rendered a public employer, as defined in § 24-4-101, prior to July 1, 1959, subject to the […]

§ 24-4-514. Credit for educational leave

(a) As used in this section: (1) “Educational leave” means a leave of absence from employment in a position covered by the Arkansas Public Employees’ Retirement System to pursue a degree from an institution of higher education; and (2) “System” means the Arkansas Public Employees’ Retirement System. (b) On or after July 1, 1987, any […]

§ 24-4-516. Credit for lost credited service due to work-related injury

(a) Any member of the Arkansas Public Employees’ Retirement System who suffers from or who has suffered in the past from a work-related injury for which workers’ compensation benefits were paid under the workers’ compensation laws, and whose annuity from the system would otherwise be reduced due to the reduced salary and lost credited service, […]

§ 24-4-517. State service under a federal grant — Definition

(a) As used in this section, “state service under a federal grant” means service rendered to any state agency while detailed or assigned to the agency under the terms of a federal grant agreement between an agency of the federal government and a state agency to perform services for the state agency and to be […]

§ 24-4-518. Credit for service as sheriff

A sheriff or former sheriff who became a member of the Arkansas Public Employees’ Retirement System pursuant to Acts 1995, No. 846, § 1, may purchase his or her time as an elected sheriff prior to July 28, 1995. At his or her option, the sheriff or former sheriff may receive credit for the service, […]

§ 24-4-519. Current service credit — Nonuniformed employees

(a) (1) (A) A person who on December 31, 1998, was a nonuniformed employee of a municipality that participates in the Arkansas Public Employees’ Retirement System or a former nonuniformed employee of a municipality that participates in the Arkansas Public Employees’ Retirement System who was an active member of the system on December 31, 1998, […]

§ 24-4-520. Termination required for retirement

(a) Except as provided in subsection (c) of this section, a member of the Arkansas Public Employees’ Retirement System shall terminate covered employment to be eligible for retirement. (b) (1) A member shall not be terminated from employment for retirement purposes if the person: (A) Returns to employment in a position covered under the system […]

§ 24-4-521. Credited service generally — Definition

(a) The Board of Trustees of the Arkansas Public Employees’ Retirement System shall establish the amounts of service to be credited its members subject to the provisions of subsection (b) of this section. (b) (1) (A) (i) Noncontributory employment service by a person who was: (a) Employed prior to July 1, 1997, as a public […]

§ 24-4-522. Applicability of benefit provisions

(a) The benefit provisions of this chapter shall be applicable to specified members of the Arkansas Public Employees’ Retirement System. (b) (1) The noncontributory benefit provisions of this chapter shall be applicable to each person who has never been a member of the Arkansas Public Employees’ Retirement System before January 1, 1978, and who is […]