The general administration and responsibility for the proper operation of the Arkansas Teacher Retirement System and for making effective the provisions of this act are vested in a board of trustees of fifteen (15) persons as follows: (1) The Bank Commissioner, the Treasurer of State, the Auditor of State, and the Commissioner of Elementary and […]
(a) (1) The term of office of each member-elected trustee shall be six (6) years. (2) (A) (i) An active member trustee shall be ineligible to serve after becoming inactive, retiring, or ceasing to be employed by an Arkansas Teacher Retirement System employer. (ii) A member trustee who participates in the Teacher Deferred Retirement Option […]
(a) The Board of Trustees of the Arkansas Teacher Retirement System shall select from its own number a chair and a vice chair. (b) (1) The trustees shall serve as trustees without compensation for their services as such, except that: (A) Each trustee may receive expense reimbursement in accordance with § 25-16-901 et seq.; and […]
(a) The Board of Trustees of the Arkansas Teacher Retirement System shall hold regular meetings at least quarterly. (b) Eight (8) trustees constitute a quorum at any meeting of the board. (c) Each trustee shall be entitled to one (1) vote on each question before the board, and at least eight (8) concurring votes shall […]
(a) (1) Both the contributory plan provided by this act and the noncontributory plan established by §§ 24-7-401 — 24-7-411 and 24-7-701, 24-7-702, 24-7-704 — 24-7-713, 24-7-715, and 24-7-716 [repealed] shall be under the administration and control of the Board of Trustees of the Arkansas Teacher Retirement System as provided by § 24-7-301. (2) It […]
