Arkansas Statutes
§ 24-5-107 — Membership
Arkansas·Title 24
(a)Any employee of the Arkansas State Highway and Transportation Department or the Arkansas Department of Transportation, as defined in § 24-5-101(7) , shall become a member of the Arkansas State Highway Employees' Retirement System in the manner and under the conditions provided in this chapter.
(b)Membership in the system may be terminated by retirement, disability, superannuation, or death, or by withdrawal, either voluntary or involuntary, from active service in the department.
(c)Any member with not less than five (5) years of creditable service whose employment with the department is terminated for any reason may leave his or her contributions in the Arkansas State Highway Employees' Retirement System Fund and thereafter be entitled to retirement benefits as otherwise provided in
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Legislative History
Amended by Act 2017, No. 707,§ 277, eff. 8/1/2017. Acts 1949, No. 454, §§ 7, 8; 1969, No. 167, § 4; A.S.A. 1947, §§ 76-1907, 76-1908; Acts 1997, No. 347, § 1; 1997, No. 1053, § 12.
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