Arkansas Statutes
§ 24-2-306 — Erroneous enrollment because of concurrent membership
Arkansas·Title 24
Any member of the Arkansas Public Employees' Retirement System who is erroneously enrolled in the Arkansas Public Employees' Retirement System because of concurrent enrollment in another state-funded or state-authorized retirement system, other than Social Security, due to separate and distinct service for a public school or a municipality, may elect to remain a member of the Arkansas Public Employees' Retirement System subject to the following conditions:
(1)The other system will allow the member to forfeit the concurrent service by refunding all employer and employee contributions respectively; and (2) The member notifies both the Arkansas Public Employees' Retirement System and the other system that the member will remain in the Arkansas Public Employees' Retirement System and forfeit
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Arkansas § 24-2-306 (Erroneous enrollment because of concurrent membership) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1999, No. 325, § 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