(a) The Board of Trustees of the Arkansas State Highway Employees’ Retirement System may establish a deferred retirement option plan for its members so that, in lieu of terminating employment, they might continue with employment and accept a service retirement benefit pursuant to § 24-5-101 et seq. The board shall be authorized to promulgate rules […]
(a) In the event a plan is established, the Arkansas State Highway Employees’ Deferred Retirement Option Plan shall have, as a minimum, provisions which require that: (1) The Board of Trustees of the Arkansas State Highway Employees’ Retirement System approve of the person’s participation in the Arkansas State Highway Employees’ Deferred Retirement Option Plan; (2) […]
(a) No benefit enhancement provided by §§ 24-5-201 and 24-5-202 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 by §§ 24-5-201 and 24-5-202 shall be implemented by any publicly supported retirement system which has unfunded actuarial accrued […]
(a) The Board of Trustees of the Arkansas State Highway Employees’ Retirement System, in consultation with its actuary, may promulgate rules to lower the required years of service for entry into the Arkansas State Highway Employees’ Deferred Retirement Option Plan authorized by this subchapter, subject to any early participation reduction. The reduction will be computed […]
