Arkansas § 24-7-1008 Continued membership in retirement plan - Election

Arkansas Statutes

§ 24-7-1008 — Continued membership in retirement plan - Election

Arkansas § 24-7-1008

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This text of Arkansas § 24-7-1008 (Continued membership in retirement plan - Election) 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. § 24-7-1008 (2026).

Text

(a)(1) Each instructor and administrative staff member of a state-supported postsecondary vocational-technical school employed on July 1, 1991, shall, within ninety (90) days following the transfer to the technical and community college system established under the Two-Year Postsecondary Education Reorganization Act of 1991, § 6-53-101 et seq., or upon transfer to the system with the approval of the board, elect either to continue membership in the retirement plan in which he or she was enrolled prior to that date or transfer to the Arkansas Teacher Retirement System or any alternate retirement plan currently established for the institution into which it is being merged or consolidated.

(2)Once such an election is made, the election is irrevocable during the tenure of employment with the

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(a) (1) Each instructor and administrative staff member of a state-supported postsecondary vocational-technical school employed on July 1, 1991, shall, within ninety (90) days following the transfer to the technical and community college system established under the Two-Year Postsecondary Education Reorganization Act of 1991, § 6-53-101 et seq., or upon transfer to the system with the approval of the board, elect either to continue membership in the retirement plan in which he or she was enrolled prior to that date or transfer to the Arkansas Teacher Retirement System or any alternate retirement plan currently established for the institution into which it is being merged or consolidated. (2) Once such an election is made, the election is irrevocable during the tenure of employment with the system. (b) (1) Each instructor and administrative staff member of a two-year campus of a four-year institution which is later converted to a technical college or community college under § 6-53-101 et seq. shall, within ninety (90) days following the appointment of the local board, elect either to continue membership in the retirement plan in which he or she was enrolled prior to the conversion or to transfer membership to the Arkansas Teacher Retirement System. (2) Once such an election is made, the election is irrevocable during the tenure of employment with the system. (c) Any other employees of an institution transferring to the system under this section or under the approval of the board shall remain members of the retirement system to which they were enrolled prior to the transfer.