§ 24-4-750 — Arkansas District Judge Retirement System abolished - Powers, duties, and plan liabilities transferred to Arkansas Public Employees' Retirement System

Arkansas § 24-4-750

• Jurisdiction: Arkansas
• Title: 24

Text

(a) The Arkansas District Judge Retirement System, established by § 24-8-801 et seq. [repealed], is abolished, and its powers, duties, and plan liabilities are transferred to the Arkansas Public Employees' Retirement System by a type 3 transfer as prescribed in § 25-2-106 . (b) For purposes of this act, the Arkansas Public Employees' Retirement System shall be considered a principal department established by Acts 1971, No. 38. (c) (1) The Arkansas Public Employees' Retirement System shall maintain the same process of payments under § 24-4-751 . (2) Active members of the Arkansas District Judge Retirement System on the date of the transfer shall continue to accrue the same program of benefits received before the transfer. (3) As employer, the government entity that pays the salary of a district judge shall make contributions to the Arkansas Public Employees' Retirement System as a percent of the salary of the active district judge at the rate previously established to fund the district judge benefit program unless the Arkansas Public Employees' Retirement System's actuary determines that a different required contribution rate should be applied. (d) Each district judge joining the Arkansas Public Employees' Retirement System after the date of transfer shall be deemed an elected official of a city or county and shall receive service credit under § 24-4-101(16)(B) .

Legislative History

Acts 2007, No. 177, § 1.