Arkansas Statutes

§ 24-4-101 — Definitions

Arkansas § 24-4-101

This text of Arkansas § 24-4-101 (Definitions) 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. § 24-4-101 (2026).

Text

As used in this act:

(1)"Accumulated contributions" means the sum of all amounts deducted from the compensations of a member and credited to his or her individual account in the member's deposit account, together with regular interest as may have been credited thereon;
(2)"Actual service" means service credited at the rate of one (1) month for each month of service;
(3)"Actuarial equivalent" means a benefit of equal reserve value when "reserve" means the present value of all payments to be made on account of any benefit based upon such reasonable rates of interest and tables of experience as a plan shall adopt from time to time;
(4)"Actuary" means a qualified actuary with experience in retirement plan financing. Membership in the American Academy of Actuaries shall be sufficient for a

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Legislative History

Amended by Act 2023, No. 248,§ 5, eff. 7/1/2023. Amended by Act 2023, No. 248,§ 4, eff. 7/1/2023. Amended by Act 2023, No. 248,§ 3, eff. 7/1/2023. Amended by Act 2023, No. 248,§ 2, eff. 7/1/2023. Amended by Act 2023, No. 248,§ 1, eff. 7/1/2023. Amended by Act 2021, No. 687,§ 1, eff. 7/28/2021. Amended by Act 2021, No. 519,§ 3, eff. 7/28/2021. Amended by Act 2021, No. 519,§ 2, eff. 7/28/2021. Amended by Act 2021, No. 519,§ 1, eff. 7/28/2021. Amended by Act 2021, No. 370,§ 1, eff. 7/28/2021. Amended by Act 2019, No. 449,§ 4, eff. 7/24/2019. Amended by Act 2019, No. 449,§ 3, eff. 7/24/2019. Amended by Act 2019, No. 449,§ 2, eff. 7/24/2019. Amended by Act 2019, No. 910,§ 2366, eff. 7/1/2019. Amended by Act 2019, No. 910,§ 2365, eff. 7/1/2019. Amended by Act 2017, No. 707,§ 268, eff. 8/1/2017. Amended by Act 2013, No. 332,§ 5, eff. 3/14/2013. Amended by Act 2013, No. 332,§ 4, eff. 3/14/2013. Amended by Act 2013, No. 332,§ 3, eff. 3/14/2013. Amended by Act 2013, No. 332,§ 2, eff. 3/14/2013. Amended by Act 2013, No. 332,§ 1, eff. 3/14/2013. Acts 1957, No. 177, § 1; 1959, No. 42, § 1; 1961, No. 64, § 1; 1965, No. 47, § 1; 1967, No. 289, § 1; 1975, No. 907, § 7; 1975 (Extended Sess., 1976), No. 1159, §§ 1, 2; 1979, No. 715, § 8; 1981, No. 859, § 1; 1983, No. 42, §§ 1, 2; 1983, No. 575, § 1; 1985, No. 910, § 1; 1985, No. 938, § 7; A.S.A. 1947, § 12-2501; Acts 1987, No. 461, § 1; 1987, No. 493, § 1; reen. 1987, No. 988, §§ 1, 2; 1989, No. 160, § 3; 1991, No. 331, § 1; 1991, No. 757, § 2; 1993, No. 286, §§ 1-3; 1993, No. 432, §§ 6, 7; 1993, No. 975, § 3; 1995, No. 398, §§ 1-3; 1995, No. 846, § 1; 1995, No. 1292, §§ 1-3; 1997, No. 76, §§ 2-4; 1997, No. 299, § 7; 1997, No. 639, § 1; 1997, No. 1137, § 2; 1999, No. 325, § 6; 1999, No. 865, § 1; 2001, No. 151, § 10; 2001, No. 764, § 1; 2001, No. 1616, § 1; 2005, No. 2084, §§ 2, 3; 2007, No. 176, § 3; 2007, No. 295, § 1; 2007, No. 299, § 1; 2007, No. 799, § 3; 2007, No. 850, § 1; 2009, No. 616, § 2; 2009, No. 774, § 1; 2009, No. 1277, § 1; 2011, No. 20, § 3; 2011, No. 38, § 2; 2011, No. 140, § 1; 2011, No. 978, § 2.

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Bluebook (online)
Arkansas § 24-4-101, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/24-4-101.