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Home » US Law » 2020 Arkansas Code » Title 24 - Retirement And Pensions » Chapter 6 - State Police Retirement » Subchapter 2 - State Police Retirement System

§ 24-6-222. Refund of contributions

(a) (1) In the event a member leaves the employ of the Division of Arkansas State Police prior to the date he or she becomes entitled to retire with a pension payable from funds of the State Police Retirement System, he or she shall be paid, upon his or her written application filed with the […]

§ 24-6-223. Interest in fund not transferable or subject to legal process

(a) No person entitled to any interest or share in any pension, any return of contributions or accumulated contributions, or any other benefit payable or to be made payable from funds of the system shall have the right to anticipate such entitlement or to sell, assign, pledge, mortgage, or otherwise dispose of or encumber such […]

§ 24-6-224. Increase in benefits

(a) On July 1, 1991, the monthly retirement benefit payable to retirants and beneficiaries of the State Police Retirement System who retired June 1, 1991, or before, shall be increased by four percent (4%) of the benefit payable on June 1, 1991. (b) The increase in benefits provided in subsection (a) of this section shall […]

§ 24-6-225. Applicability of benefit provisions

(a) (1) The noncontributory benefit provisions of this chapter shall be applicable to each person who has never been a member of the State Police Retirement System before January 1, 1978, and who is employed before April 3, 1997, in a position covered by the system and who thereby becomes a member. (2) (A) (i) […]

§ 24-6-227. Benefits generally — Tier I noncontributory member

(a) (1) Upon retirement as provided in this subchapter, a member shall receive a straight life pension equal to one and fifty-five-hundredths percent (1.55%) of his or her final average compensation multiplied by the number of years and any fraction of a year of his or her credited service. (2) (A) In addition, if a […]