Title 24 — Retirement and Pensions

12 chapters · 740 sections in this title.

121 sectionsFiltered byTitle 24 Ch 4

Ark. Code Ann. § 24-4-513 [Repealed.]
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A.C.A. § 24-4-513Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 24-4-514 Credit for educational leave — Definitions
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(a) As used in this section:(1) “Educational leave” means a leave of absence from employment in a position covered by the Arkansas Public Employees' Retirement System to pursue a degree from an institution of higher education; and(2) “System” means the Arkansas Public Employees' …
Ark. Code Ann. § 24-4-515 [Repealed.]
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A.C.A. § 24-4-515Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 24-4-516 Credit for lost credited service due to work-related injury
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(a) Any member of the Arkansas Public Employees' Retirement System who suffers from or who has suffered in the past from a work-related injury for which workers' compensation benefits were paid under the workers' compensation laws, and whose annuity from the system would otherwis…
Ark. Code Ann. § 24-4-517 State service under a federal grant — Definition
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(a) As used in this section, “state service under a federal grant” means service rendered to any state agency while detailed or assigned to the agency under the terms of a federal grant agreement between an agency of the federal government and a state agency to perform services f…
Ark. Code Ann. § 24-4-518 Credit for service as sheriff
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(1) A sheriff or former sheriff who became a member of the Arkansas Public Employees' Retirement System pursuant to Acts 1995, No. 846, § 1, may purchase his or her time as an elected sheriff prior to July 28, 1995. At his or her option, the sheriff or former sheriff may receive …
Ark. Code Ann. § 24-4-519 Current service credit — Nonuniformed employees
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(a) (1) (A) A person who on December 31, 1998, was a nonuniformed employee of a municipality that participates in the Arkansas Public Employees' Retirement System or a former nonuniformed employee of a municipality that participates in the Arkansas Public Employees' Retirement Sy…
Ark. Code Ann. § 24-4-520 Termination required for retirement — Definitions
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(a) Except as provided in subsection (c) of this section, a member of the Arkansas Public Employees' Retirement System shall terminate covered employment to be eligible for retirement. (b) (1) A member shall not be terminated from employment for retirement purposes if the person:…
Ark. Code Ann. § 24-4-521 Credited service generally — Definition
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(a) The Board of Trustees of the Arkansas Public Employees' Retirement System shall establish the amounts of service to be credited its members subject to the provisions of subsection (b) of this section. (b) (1) (A) (i) Noncontributory employment service by a person who was: (a)…
Ark. Code Ann. § 24-4-522 Applicability of benefit provisions
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(a) The benefit provisions of this chapter shall be applicable to specified members of the Arkansas Public Employees' Retirement System. (b) (1) The noncontributory benefit provisions of this chapter shall be applicable to each person who has never been a member of the Arkansas P…
Ark. Code Ann. § 24-4-523 [Repealed.]
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A.C.A. § 24-4-523Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 24-4-601 Straight life annuity generally
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(a) (1) Beginning July 1, 2001, any member who retires as provided in § 24-4-508 or §§ 24-4-510 — 24-4-512 shall receive a straight life annuity for each year of contributory service credit equal to two and seven-hundredths percent (2.07%) of the member's final average compensati…
Ark. Code Ann. § 24-4-602 Payment of annuity balance upon death of retirant or member
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(a) In the event a retirant who is in receipt of a straight life annuity dies before he or she has received in straight life annuity payments an aggregate amount equal to his or her accumulated contributions standing to his or her credit in the members' deposit account at the tim…
Ark. Code Ann. § 24-4-603 Refund of contributions
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(a) In the event a former member has left the employ of a participating public employer and requests a refund of his or her accumulated contributions, he or she shall be paid the contributions upon his or her written application for a refund on a form to be supplied by the Arkans…
Ark. Code Ann. § 24-4-604 [Repealed.]
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A.C.A. § 24-4-604Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 24-4-605 Proration of public employer share of annuity reserve
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In the event a member retires with credited service arising from his or her employment by the state, a county, and a municipality, the public employer share of his or her annuity reserve shall be prorated between the state division, county division, and municipal division in acco…
Ark. Code Ann. § 24-4-606 Annuity options
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(a) A member may elect to receive his or her annuity as a straight life annuity or elect to have that annuity reduced and designate a beneficiary in writing and file the election with the Arkansas Public Employees' Retirement System before that annuity starting date under one (1)…
Ark. Code Ann. § 24-4-607 Redetermination of benefits
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(a) Each July 1 the Arkansas Public Employees' Retirement System shall redetermine the amount of each monthly benefit which has been payable by the system for at least twelve (12) full calendar months. The redetermined amount shall be payable for the following twelve (12) calenda…
Ark. Code Ann. § 24-4-608 Death before retirement — Exception
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(a) Effective July 1, 2001, if a member or former member with five (5) or more years of actual service dies before retirement, the applicable benefits provided in this section shall be allowed upon the survivor's written application filed with the Arkansas Public Employees' Retir…
Ark. Code Ann. § 24-4-609 Effective date of benefits — Survivors and beneficiaries
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(a) The effective date of monthly benefits payable to a survivor of a deceased member under § 24-4-608 is the first day of the calendar month next following the month in which the member died. (b) The effective date of monthly benefits payable to a beneficiary of a retirant under…
Ark. Code Ann. § 24-4-610 Increased benefits for persons retiring by June 1, 1985
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(a) On July 1, 1987, the monthly retirement benefit payable to retirants and beneficiaries of the Arkansas Public Employees' Retirement System who retired June 1, 1985, or before, shall be increased as follows:(1) Those retirants and beneficiaries who retired June 1, 1985, or bef…
Ark. Code Ann. § 24-4-611 Minimum monthly benefit — Lump-sum payment of reserve value
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(a) A member who is vested under the Arkansas Public Employees' Retirement System shall be entitled to a minimum monthly benefit of one hundred fifty dollars ($150). (b) (1) Before the first monthly benefit payment, the Arkansas Public Employees' Retirement System may pay the res…
Ark. Code Ann. § 24-4-612 Increase in benefits
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(a) On July 1, 1991, the monthly retirement benefit payable to retirants and beneficiaries of the Arkansas Public Employees' Retirement System, who retired June 1, 1991, or before, shall be increased by four percent (4%) of the benefit payable on June 1, 1991. (b) The increase in…
Ark. Code Ann. § 24-4-613 Benefits for contributory members
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(a) All contributory members of the Arkansas Public Employees' Retirement System who are retired as of August 13, 1993, or who retire after August 13, 1993, shall receive benefits at least equal to the amount of benefits they would have received had they retired as noncontributor…
Ark. Code Ann. § 24-4-614 Increase in monthly benefit amount — 1993
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(a) On July 1, 1993, the monthly retirement benefit payable to retirants and beneficiaries of the Arkansas Public Employees' Retirement System who retired on June 1, 1993, or before, shall be increased by two and sixty-one hundredths percent (2.61%) of the benefit payable on June…
Ark. Code Ann. § 24-4-615 Maximum benefit limitation
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(a) Notwithstanding any other provision of this chapter, benefits paid under the provisions of this chapter shall not exceed the limitations of the Internal Revenue Code, 26 U.S.C. § 415, that are applicable to governmental retirement plans. (b) (1) The Board of Trustees of the A…
Ark. Code Ann. § 24-4-616 Increase in monthly benefit amount — 1995
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On July 1, 1995, the monthly benefit payable to retirants and beneficiaries of the Arkansas Public Employees' Retirement System who retired on June 1, 1995, or before, shall be increased by six and forty-five-hundredths percent (6.45%) of the benefit payable on June 1, 1995.
Ark. Code Ann. § 24-4-617 Increase in monthly benefit amount — 1997
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On July 1, 1997, the monthly retirement benefit payable to retirants and beneficiaries of the Arkansas Public Employees' Retirement System who retired on or before June 1, 1997, shall be increased by three percent (3%) of the benefit payable on June 1, 1997.
Ark. Code Ann. § 24-4-618 Increased benefits for persons retired before July 1, 1999
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On July 1, 1999, and thereafter, the monthly benefit payable to the retirants and the beneficiaries of retirants of the Arkansas Public Employees' Retirement System who retired before July 1, 1989, shall be increased by an amount equal to one percent (1%) of the benefit payable o…
Ark. Code Ann. § 24-4-619 Increased benefits for persons retired before June 1, 1999
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In addition to the monthly retirement benefit increase provided in § 24-4-618, each retirant and beneficiary of a retirant of the Arkansas Public Employees' Retirement System who retired on or before June 1, 1999, shall receive an increase in his or her monthly benefit of fifty d…
Ark. Code Ann. § 24-4-620 Partial annuity withdrawal provision
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(a) Any member who does not terminate employment and retire on the date that member meets the age and service requirements of § 24-4-508 for an unreduced annuity and has not elected to participate in the Deferred Retirement Option Plan as provided in § 24-4-801 et seq. may elect …
Ark. Code Ann. § 24-4-621 Increase in benefits
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(a) On July 1, 2001, the monthly retirement benefit payable to retirants and beneficiaries of the Arkansas Public Employees' Retirement System who retired on or before June 1, 2001, shall be increased by one and seven-tenths percent (1.7%) of the benefit payable on June 1, 2001. …
Ark. Code Ann. § 24-4-622 Monthly benefit increase
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(a) On July 1, 2007, the monthly retirement benefit payable to retirants and beneficiaries of the Arkansas Public Employees' Retirement System who retired on or before June 1, 2007, shall be increased by one percent (1%) of the benefit payable on June 1, 2007. (b) The increase in…
Ark. Code Ann. § 24-4-623 Final average compensation
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(a) (1) For a member first hired by a system-covered employer on July 1, 2022, or after, the average of the five (5) highest annual compensations paid to the member during a completed fiscal year of credited service with a public employer shall determine the final average compens…
Ark. Code Ann. § 24-4-710 [Repealed.]
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A.C.A. § 24-4-710Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 24-4-711 [Repealed.]
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A.C.A. § 24-4-711Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 24-4-712 [Repealed.]
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A.C.A. § 24-4-712Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 24-4-713 [Repealed.]
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A.C.A. § 24-4-713Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 24-4-714 [Repealed.]
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A.C.A. § 24-4-714Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 24-4-723 Members joining at same time as employer — Current service credit
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(a) (1) Any member of the Arkansas Public Employees' Retirement System who became, or becomes, a member on the date his and her employer became, or becomes, a public employer in the system shall receive current service credit for employment with a public employer in the system bu…
Ark. Code Ann. § 24-4-724 Members joining after employer — Current service credit
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(a) (1) (A) Any member of the Arkansas Public Employees' Retirement System who became, or becomes, a member after the date that his or her employer became, or becomes, a public employer in the system shall receive current service for employment with a public employer in the syste…
Ark. Code Ann. § 24-4-725 [Repealed.]
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A.C.A. § 24-4-725Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 24-4-726 [Repealed.]
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A.C.A. § 24-4-726Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 24-4-727 War Memorial Stadium Commission employees
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(a) The Board of Trustees of the Arkansas Public Employees' Retirement System is directed to include within the membership of the Arkansas Public Employees' Retirement System, as created by this chapter, all employees of the War Memorial Stadium Commission who are not members of,…
Ark. Code Ann. § 24-4-728 [Repealed.]
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A.C.A. § 24-4-728Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 24-4-729 Conservation district employees
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(a) The Board of Trustees of the Arkansas Public Employees' Retirement System is directed to include within the membership of the Arkansas Public Employees' Retirement System, as created by this chapter, all employees of conservation districts organized and operating under the pr…
Ark. Code Ann. § 24-4-732 Certain employees of state agencies — Early retirement incentives
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(a) In addition to the provisions of § 24-4-601 et seq.:(1) (A) A state employee who is an active member of the Arkansas Public Employees' Retirement System on March 12, 1987, and who is vested for a full age and service annuity and who has credit in the Arkansas Public Employees…
Ark. Code Ann. § 24-4-733 Certain county employees — Early retirement incentives — Definition
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(a) In addition to the provisions of § 24-4-601 et seq.:(1) (A) A county employee who is an active member of the County Division of the Arkansas Public Employees' Retirement System on April 7, 1987, and who is vested for a full age and service annuity and who has credit in the sy…
Ark. Code Ann. § 24-4-737 Certain city attorneys — Credited service
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(a) When the term of office of an elected city attorney is cut short due to the change in the form of city government and that person is employed to serve as the city attorney for the remainder of his or her term, he or she shall receive credited service under the Arkansas Public…
Ark. Code Ann. § 24-4-738 [Repealed.]
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A.C.A. § 24-4-738Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved