Arkansas Statutes
§ 24-6-303 — Contributions
Arkansas·Title 24
(a)When a member begins participation in the Arkansas State Police Officers Deferred Option Plan, the employer contributions shall continue to be paid.
(b)State contributions for employees who elect the plan shall be credited to the State Police Retirement System.
(c)The monthly retirement benefits that would have been payable had the member elected to cease employment and receive a service retirement shall be paid into the Arkansas State Police Officers Deferred Option Plan Account.
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Related
Arkansas State Police Retirement System v. Sligh
2017 Ark. 109 (Supreme Court of Arkansas, 2017)
Ark. State Police Ret. Sys. v. Sligh
2017 Ark. 209 (Supreme Court of Arkansas, 2017)
Legislative History
Acts 1995, No. 967, § 1.
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