Arkansas Statutes
§ 24-4-1101 — Membership
Arkansas·Title 24
(a)A public employee, as defined in § 24-4-101(18) , first hired on or after July 1, 2005, is subject to the benefit provisions of this subchapter.
(b)(1) (A) A public employee who remains an active member of the Arkansas Public Employees' Retirement System may elect coverage under the benefit provisions of this subchapter.
(B)If the member elects contributory coverage, the effective date of the member's contributory coverage shall be:
(i)The first payroll period that is paid and reported in the next month after the contributory election; and (ii) Prospective only.
(2)A conversion or purchase of noncontributory service into contributory service under this subchapter is not allowed.
(3)The election shall be made as directed by the Board of Trustees of the Arkansas Public Employees' Re
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Related
Opinion No.
(Arkansas Attorney General Reports, 2008)
Legislative History
Amended by Act 2013, No. 332,§ 12, eff. 3/14/2013. Acts 2005, No. 2084, § 4; 2009, No. 742, § 2; 2011, No. 140, § 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