(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the “Judges Retirement Fund”.
(b) The Judges Retirement Fund shall consist of trust funds as provided by law and moneys transferred or deposited from the State Administration of Justice Fund.
(c) (1) The Judges Retirement Fund shall be disbursed or transferred as provided by law for:(A) The benefit of retirants;(B) Investment purposes; and(C) The costs of administering the Arkansas Judicial Retirement System.(2) Moneys shall be transferred from the Judges Retirement Fund to the Arkansas Public Employees' Retirement System for administration and management of the Arkansas Judicial Retirement System as authorized by law.
(1) The Judges Retirement Fund shall be disbursed or transferred as provided by law for:(A) The benefit of retirants;(B) Investment purposes; and(C) The costs of administering the Arkansas Judicial Retirement System.
(A) The benefit of retirants;
(B) Investment purposes; and
(C) The costs of administering the Arkansas Judicial Retirement System.
(2) Moneys shall be transferred from the Judges Retirement Fund to the Arkansas Public Employees' Retirement System for administration and management of the Arkansas Judicial Retirement System as authorized by law.