Arkansas § 24-5-114 Eligibility for benefits - Early retirement

Arkansas Statutes

§ 24-5-114 — Eligibility for benefits - Early retirement

Arkansas § 24-5-114

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This text of Arkansas § 24-5-114 (Eligibility for benefits - Early retirement) 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. § 24-5-114 (2026).

Text

(a)In addition to retirement as provided in §§ 24-5-112 and 24-5-113 , a member may retire after a minimum of five (5) years of service on and after the member's fifty-fifth birthday.

(b)(1) However, the annuity otherwise payable, as provided in § 24-5-115 , shall be reduced eight-tenths of one percent (0.8%) for each of the first sixty (60) months, or fraction thereof, that the early retirement date precedes the earliest date that the member could retire without a reduction in the annuity.

(2)The annuity shall be reduced three-tenths of one percent (0.3%) for each of the next sixty (60) months, or fraction thereof, that the early retirement date precedes the earliest date that the member could retire without a reduction in the annuity.

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(a) In addition to retirement as provided in §§ 24-5-112 and 24-5-113 , a member may retire after a minimum of five (5) years of service on and after the member's fifty-fifth birthday. (b) (1) However, the annuity otherwise payable, as provided in § 24-5-115 , shall be reduced eight-tenths of one percent (0.8%) for each of the first sixty (60) months, or fraction thereof, that the early retirement date precedes the earliest date that the member could retire without a reduction in the annuity. (2) The annuity shall be reduced three-tenths of one percent (0.3%) for each of the next sixty (60) months, or fraction thereof, that the early retirement date precedes the earliest date that the member could retire without a reduction in the annuity.