§ 24-7-1602 — Definitions

As used in this subchapter: (1) "Benefits-eligible" means a class of employees, determined at the discretion of a post-secondary or higher education employer, eligible to participate in the Arkansas Teacher Retirement System, an alternate retirement plan, or the Arkansas Public Employees' Retirement System; (2) "Nonmandatory employer" means any public employer that was authorized to enroll new employees into the Arkansas Teacher Retirement System or alternate retirement plan before July 1, 2011; (3) "PSHE employer" means a post-secondary or higher education employer: (A) With employees that may be hired without becoming mandatory members of the Arkansas Teacher Retirement System; and (B) That offers the Arkansas Teacher Retirement System as a retirement plan on or after July 1, 2011; and (4) "PSHE plan" means the plan establishing the right of a new employee of a PSHE employer to participate in the Arkansas Teacher Retirement System on or after July 1, 2011.

Legislative History

Amended by Act 2021, No. 427,§ 5, eff. 3/23/2021. Acts 2011, No. 513, § 1.