Title 24 — Retirement and Pensions
12 chapters · 740 sections in this title.
Ark. Code Ann. § 24-6-412 Refund of contributions
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(a) (1) In the event a member leaves the employ of the Division of Arkansas State Police prior to the date he or she becomes entitled to retire with a pension payable from the funds of the State Police Retirement System, he or she shall be paid, upon his or her written applicatio…
Ark. Code Ann. § 24-6-413 Benefit provisions — Subjection of annuity rights to process of law
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(a) The right of a person to an annuity, to the return of accumulated contributions, the annuity itself, any annuity option, any other right accrued or accruing under the provisions of this subchapter, and all moneys belonging to a plan shall not be subject to execution, garnishm…
Ark. Code Ann. § 24-6-414 Maximum benefit limitation
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(a) Notwithstanding any other provisions 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 …
Ark. Code Ann. § 24-6-415 Exclusion from plan
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Members of the State Police Retirement System participating in the benefit program provided by this subchapter shall not be eligible for participation in the Arkansas State Police Officers' Deferred Option Plan provided in § 24-6-301 et seq.
Ark. Code Ann. § 24-6-416 Effective date of survivor and beneficiary payments
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(a) The effective date of monthly benefits payable to a survivor of a deceased member under § 24-6-411 is the first day of the calendar month next following the month in which the member died, regardless of when the survivor submits an application for the payment of the benefits.…
Ark. Code Ann. § 24-6-501 Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan — Creation
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The Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan is created in conformance with this subchapter.
Ark. Code Ann. § 24-6-502 Election to participate in Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan
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(1) In lieu of terminating employment and accepting a service retirement pension, a state police officer may elect to participate in the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan and defer the receipt of benefits in accordance with this subchapter i…
Ark. Code Ann. § 24-6-503 [Repealed.]
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A.C.A. § 24-6-503Current 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. § 24-6-504 Employer contributions
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(1) When an employee who is a member of the State Police Retirement System's Tier Two Benefit Plan begins participation in the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan:(1) The employer contributions shall continue to be paid;(2) State contributions…
Ark. Code Ann. § 24-6-505 Benefits — Rate of return
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(1) A participant in the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan:(1) Shall not have a change in his or her monthly retirement benefit unless the plan receives a benefit increase; and(2) (A) Shall earn interest at a rate set by the Board of Trustee…
Ark. Code Ann. § 24-6-506 Method of collection
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(1) A participant in the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan shall receive, at the option of the participant:(1) A lump-sum payment from the plan account equal to the payments to the plan account;(2) A true annuity based upon the plan account …
Ark. Code Ann. § 24-6-507 Duration
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(a) The duration of participation in the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan for an active state police officer shall not exceed seven (7) years. (b) At the conclusion of a state police officer's participation in the plan, the state police off…
Ark. Code Ann. § 24-6-508 Death of participant
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If a participant in the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan dies during the period of participation in the plan, a lump-sum payment equal to the plan account balance of the participant shall be paid to the participant's designated beneficiary.