Arkansas Statutes
§ 24-11-833 — Fire-related service
Arkansas·Title 24
(a)A member of a firemen's relief and pension fund who has fire-related service with the municipal government is entitled to purchase credited service in the system equivalent to the amount of employment service he or she has with the municipal fire department in a position as fire-related employment service up to a maximum of three (3) years of credited service, provided that the member contributes to the system an amount as the Arkansas Fire and Police Pension Review Board shall determine would be actuarially equivalent to the value of the service purchased.
(b)The board shall have the final power to determine the value of the service purchased.
(c)Service credit purchased under this section may be used to determine the member's total credited service for the amount upon retirement an
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Related
Opinion No.
(Arkansas Attorney General Reports, 2009)
Legislative History
Amended by Act 2013, No. 41,§ 35, eff. 2/6/2013. Acts 1999, No. 1171, § 2.
Nearby Sections
15
§ 24-1-101
Assets and income for retirement systems§ 24-1-102
Annual valuation§ 24-1-103
Change of contribution rate§ 24-1-105
Liabilities exceeding thirty-year amortization period - Legislated benefit enhancement prohibited§ 24-1-106
Benefit enhancements§ 24-1-201
Declaration of policy§ 24-1-202
Definitions§ 24-1-203
Rules§ 24-1-206
Agents§ 24-1-207
Contributions - State employees