As used in this subchapter: (1) “Accumulated contributions” means the sum of all amounts deducted from the salaries of a member and credited to his or her individual account in the members’ deposit account, together with regular interest credited thereon; (2) “Beneficiary” means any person, except a retirant, who is in receipt of, or who […]
(a) Any person who knowingly makes any false statements or who falsifies or permits to be falsified any records of the State Police Retirement System or the Department of Arkansas State Police in an attempt to defraud the system as the result of that act shall be guilty of a misdemeanor. (b) Upon conviction by […]
The State Police Retirement System is created and established in conformance with this subchapter.
(a) (1) The Board of Trustees of the State Police Retirement System is created. (2) (A) The board shall consist of seven (7) trustees, as follows: (i) One (1) active member enrolled in the Tier I benefits program; (ii) One (1) active vested member enrolled in the Tier II benefits program; (iii) One (1) state […]
(a) Should any change or error in the records of the State Police Retirement System or the Department of Arkansas State Police result in any person’s receiving from the system more or less than he or she would have been entitled to receive had the records been correct, the Board of Trustees of the State […]
(a) (1) There is established on the books of the Treasurer of State, Auditor of State, and Chief Fiscal Officer of the State a fund to be known as the “State Police Retirement Fund”, which shall consist of the trust funds designated by law. (2) This fund shall be used for payment of personal services, […]
(a) The Director of the Division of Arkansas State Police and all other state police officers shall become members of the State Police Retirement System. (b) All persons who became, or become, state police officers after March 19, 1951, shall become members of the system. (c) None of the other employees of the Division of […]
(a) (1) (A) The contributions of a contributory member to the State Police Retirement System covered by the contributory provisions shall be nine and one-fourth percent (9.25%) of the member’s salary. (B) However, no member may be required to pay more than nine and one-fourth percent (9.25%) of the salary of the highest permanent rank […]
(a) The Division of Arkansas State Police, as employer, shall make contributions to the State Police Retirement System of twenty-two percent (22%) of active member payroll. (b) (1) At the request of the Executive Secretary of the State Police Retirement System, the Secretary of the Department of Finance and Administration shall make annual transfers on […]
(a) (1) Any member who shall become separated from the employ of the Division of Arkansas State Police by reason of service in the United States Armed Forces shall have the service, not to exceed a total of five (5) years, credited to him or her as division service, but only if he or she […]
(a) A member shall be separated from Department of Arkansas State Police employment the first day of the calendar month next following the month in which he or she attains age sixty-five (65). (b) If, upon his or her separation from department employment, the member has five (5) or more years of actual service, he […]
(a) (1) Any contributory member who has acquired twenty (20) or more years of credited service or any contributory member who has attained age fifty (50) and has acquired five (5) or more years of actual service may voluntarily retire upon written application filed with the Board of Trustees of the State Police Retirement System. […]
(a) (1) (A) Upon application filed with the Board of Trustees of the State Police Retirement System by a member or by the Director of the Department of Arkansas State Police on behalf of a member, a member who is in the employ of the Department of Arkansas State Police, who has five (5) or […]
(a) Upon his or her retirement as provided in this subchapter, a member shall receive a straight life pension equal to the following sum: Two and nine hundred forty-nine thousandths percent (2.949%) of his or her final average compensation multiplied by the number of years, and any fraction of a year, of his or her […]
(a) In the event a retirant who is in receipt of a straight life pension dies before he or she has received in straight life pension payments an aggregate amount equal to his or her accumulated contributions standing to his or her credit in the members’ deposit account at the time of his or her […]
(a) (1) In the event a retirant dies and leaves a spouse to whom the retirant was married, the surviving spouse shall receive a pension equal to seventy-five percent (75%) of the retirant’s pension, but only if the spouse has under care the retirant’s dependent children whose dates of birth are prior to the retirant’s […]
(a) (1) In the case of a member who dies on or after January 1, 1956, and leaves a spouse who has the care of the member’s dependent child or children, the surviving spouse shall receive a pension equal to the greater of one thousand eight hundred dollars ($1,800) per annum or seventy-five percent (75%) […]
(a) (1) In the event any uniformed employee of the Division of Arkansas State Police is killed while in the performance of his or her duties, yet the surviving spouse and surviving children of the uniformed employee of the division are deprived of receiving benefits as prescribed in § 24-6-217 because the uniformed employee was […]
(a) Each July 1 the State Police 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 the […]
(a) Each person receiving retirement benefits from the State Police Retirement System on July 1, 1983, shall, beginning July 1, 1983, receive an increase in monthly benefits of five percent (5%). (b) Beginning on July 1, 1984, all persons who were receiving benefits under the system on July 1, 1983, shall receive an additional increase […]
