(a) The membership of the Arkansas Teacher Retirement System shall include the following persons: (1) All teachers who last began service on or after July 1, 1971, and whose service is not covered by another retirement plan similar in purpose to the Arkansas Teacher Retirement System, except Social Security; and (2) (A) All nonteachers who […]
(a) (1) A member of the Arkansas Teacher Retirement System shall terminate covered employment and remain terminated during the member’s applicable termination separation period to become and remain eligible for retirement. (2) (A) Effective July 1, 2011, a member shall not be terminated from employment for purposes of retirement eligibility if within six (6) calendar […]
(a) As used in this section, “buyout plan” means a voluntary program established by the Board of Trustees of the Arkansas Teacher Retirement System to make a one-time lump-sum payment to a member, surviving spouse, or alternate payee in exchange for a member’s, surviving spouse’s, or alternate payee’s cancellation of membership and retirement benefit rights […]
(a) As used in this section: (1) (A) “Covered employer” means any public school, public educational agency, or other eligible employer participating in the Arkansas Teacher Retirement System. (B) “Covered employer” does not include a nonmandatory employer or a PSHE employer as defined under § 24-7-1602; (2) (A) “Embedded employee” means a person who: (i) […]
