Arkansas § 24-10-605 Compulsory retirement

Arkansas Statutes

§ 24-10-605 — Compulsory retirement

(a)A member's employer shall determine the compulsory separation age for its employees.

(b)Upon his or her separation from his or her last covered employment, a member with five (5) or more years of credited service in force who has attained his or her normal retirement age shall receive an annuity provided for in § 24-10-602 and shall have the right to elect an option provided for in § 24-10-603 .

(c)A member hired on or after July 1, 2013, shall accrue ten (10) years of actual credited service in order to be eligible under this section.

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(a) A member's employer shall determine the compulsory separation age for its employees. (b) Upon his or her separation from his or her last covered employment, a member with five (5) or more years of credited service in force who has attained his or her normal retirement age shall receive an annuity provided for in § 24-10-602 and shall have the right to elect an option provided for in § 24-10-603 . (c) A member hired on or after July 1, 2013, shall accrue ten (10) years of actual credited service in order to be eligible under this section.

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Legislative History

Amended by Act 2013, No. 1444,§ 1, eff. 4/22/2013. Amended by Act 2013, No. 1065,§ 6, eff. 4/11/2013. Acts 1981, No. 364, § 5; A.S.A. 1947, § 12-3805; Acts 1997, No. 1136, § 2.