Arkansas § 24-2-404 Disbursement of annuities

Arkansas Statutes

§ 24-2-404 — Disbursement of annuities

Arkansas § 24-2-404

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This text of Arkansas § 24-2-404 (Disbursement of annuities) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 24-2-404 (2026).

Text

(a)The boards of trustees of the reciprocal systems may enter into an agreement whereby the reciprocal system from which a member retires shall be the disbursing system for his or her annuities payable, as provided in this subchapter, by the other reciprocal systems.

(b)The agreement shall provide, but shall not be limited to, the manner and frequency with which the disbursing system shall be reimbursed for the annuities payable by the other reciprocal systems.

(c)Except for provisions of this section regarding the deferred retirement option plan under § 24-7-1301 et seq. for the Arkansas Teacher Retirement System, the provisions of this section shall not apply to retirants in the Arkansas Teacher Retirement System.

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(a) The boards of trustees of the reciprocal systems may enter into an agreement whereby the reciprocal system from which a member retires shall be the disbursing system for his or her annuities payable, as provided in this subchapter, by the other reciprocal systems. (b) The agreement shall provide, but shall not be limited to, the manner and frequency with which the disbursing system shall be reimbursed for the annuities payable by the other reciprocal systems. (c) Except for provisions of this section regarding the deferred retirement option plan under § 24-7-1301 et seq. for the Arkansas Teacher Retirement System, the provisions of this section shall not apply to retirants in the Arkansas Teacher Retirement System.

Legislative History

Acts 1965, No. 488, § 5; 1967, No. 310, § 2; 1969, No. 81, §§ 2, 3; 1973, No. 586, § 7; 1975, No. 611, § 5; A.S.A. 1947, § 12-2541; Acts 1997, No. 927, § 3.