Arkansas Statutes
§ 24-8-216 — Eligibility for benefits - Early retirement
Arkansas·Title 24
(a)Any judge of a circuit or chancery court who has fourteen (14) years or more of credited service in the Arkansas Judicial Retirement System, established by Acts 1953, No. 365, may elect to retire and receive retirement benefits under the provisions of Acts 1953, No. 365, at any time after reaching sixty-two (62) years of age and before reaching sixty-five (65) years of age.
(b)The retirement benefits of any circuit or chancery judge electing to retire before sixty-five (65) years of age shall be reduced six percent (6%) for each full year and proportionately for any part of a year that the judge retires before reaching sixty-five (65) years of age.
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Legislative History
Acts 1979, No. 648, § 1; A.S.A. 1947, § 22-902.3.
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