Title 24 — Retirement and Pensions
12 chapters · 740 sections in this title.
Ark. Code Ann. § 24-4-1109 Maximum benefit limitation
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(a) Benefits paid under this chapter shall not exceed the limitations of 26 U.S.C. § 415 of the Internal Revenue Code that are applicable to governmental retirement plans. (b) (1) The Board of Trustees of the Arkansas Public Employees' Retirement System is authorized to promulgat…
Ark. Code Ann. § 24-4-111 [Repealed.]
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A.C.A. § 24-4-111Current 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. § 24-4-201 Arkansas Public Employees' Retirement System Fund — Creation — System accounts
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(a) (1) There is established on the books of the Treasurer of State, the Auditor of State, and the Secretary of the Department of Finance and Administration a fund to be known as the “Arkansas Public Employees' Retirement System Fund”.(2) This fund shall consist of trust funds as…
Ark. Code Ann. § 24-4-202 Arkansas Public Employees' Retirement System Fund — Contributions
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(a) (1) On or after July 1, 2017, the state employer contributions made by a state agency which employs each member provided for in § 24-2-701 shall be:(A) Reported electronically by the state agency through the Arkansas Public Employees' Retirement System portal; and(B) Paid by …
Ark. Code Ann. § 24-4-205 State as trustee
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The promulgation of this chapter shall constitute an offer by the state to serve as trustee for the funds collected under the provisions of this chapter, as well as a guarantee that the disbursement thereof shall be in accordance with the provisions of this chapter and that none …
Ark. Code Ann. § 24-4-206 Funding — Additional liabilities — Local Government Division
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(a) (1) Whenever the General Assembly shall enact any laws which create additional eligibility or liabilities for county constitutional officers or for county employees or municipal employees of the Arkansas Public Employees' Retirement System and the Board of Trustees of the Ark…
Ark. Code Ann. § 24-4-207 Bonds — Payments on vouchers and warrants — Adjustment of erroneous payments
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(a) (1) The Executive Director of the Arkansas Public Employees' Retirement System and other employees shall make bonds to cover their liability for the faithful performance of their duties, from time to time as provided for by law.(2) The cost of the bonds shall be paid from mon…
Ark. Code Ann. § 24-4-208 Reduction of annuities when funds inadequate
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(a) (1) If, at the end of any fiscal year, the total of the annuities paid during the fiscal year from the State Division of the retirement reserve account is more than twelve percent (12%) of the sum of the balances in the State Division of the Arkansas Public Employees' Retirem…
Ark. Code Ann. § 24-4-209 Interest
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(a) At the end of each fiscal year, the Board of Trustees of the Arkansas Public Employees' Retirement System may allow the crediting of interest at an amount to be determined on the balance at the beginning of the fiscal year in the members' deposit account and the employers' ac…
Ark. Code Ann. § 24-4-210 Transfer of funds to cover retired county constitutional officers
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(a) (1) On July 1, 1979, the actuary for the Arkansas Public Employees' Retirement System shall make a determination of the amount necessary to be collected on a monthly basis during the ensuing one hundred twenty (120) months to set up the Retirement Reserve Fund for all persons…
Ark. Code Ann. § 24-4-211 Disposition of funds returned to hospitals withdrawing from system
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Any hospital excluding its employees from the Arkansas Public Employees' Retirement System and receiving a return of any funds as provided in § 24-4-302(3) shall immediately invest the funds in a retirement system or plan for the employees of the hospital.
Ark. Code Ann. § 24-4-212 No waiver of sovereign immunity
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Nothing in this chapter shall be taken or interpreted as a waiver of the state's sovereign immunity.
Ark. Code Ann. § 24-4-213 Socially responsible investments
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A decision on whether to invest, not invest, or withdraw from investment the funds of the Arkansas Public Employees' Retirement System shall not be based on a consideration that the location of the investment, fund, company, or any other type of investment vehicle is in the State…
Ark. Code Ann. § 24-4-214 Transfers for administrative functions of Arkansas Public Employees' Retirement System — Definitions
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(a) (1) Beginning July 1, 2027, and thereafter, a sum shall be transferred each fiscal year from the Judges Retirement Fund to the Arkansas Public Employees' Retirement System as necessary for costs incurred by the Arkansas Public Employees' Retirement System in administering the…
Ark. Code Ann. § 24-4-301 Membership as condition to employment
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(a) (1) Except as set forth in this subsection, all state employees, as defined in § 24-4-101(18) and (46), shall become members of the Arkansas Public Employees' Retirement System as a condition of employment.(2) (A) (i) (a) A person who is first elected as a member of the Gener…
Ark. Code Ann. § 24-4-302 County employees included — Exceptions
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(1) All counties in this state shall be subject to the provisions of this act as participating public employers, and all counties shall, from and after July 30, 1959, include their employees, as defined in § 24-4-101(15), (18), and (28), in the membership of the Arkansas Public E…
Ark. Code Ann. § 24-4-303 Membership — Election by municipalities — Leased water and sewer utilities
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(a) (1) (A) Any municipality may elect to become a participating public employer and to cover its employees under the Arkansas Public Employees' Retirement System either by a three-fifths (⅗) vote of its governing body or by a majority vote of the qualified voters of the municipa…
Ark. Code Ann. § 24-4-304 Credited service — Cessation of employment — Reemployment
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(a) (1) (A) When a member is no longer employed in a position covered by the Arkansas Public Employees' Retirement System, he or she shall thereupon cease to be a member.(B) Except as otherwise provided in this chapter, upon termination of his or her membership, a member's credit…
Ark. Code Ann. § 24-4-305 [Repealed.]
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A.C.A. § 24-4-305Current 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. § 24-4-401 Contributions of members
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(a) (1) The members' deposit account shall be the account in which members' contributions shall be accumulated with interest as stipulated by § 24-4-209(a) and from which shall be made transfers and refunds of contributions or accumulated contributions as provided in this act.(2)…
Ark. Code Ann. § 24-4-402 Contributions of state and local government division employers — Accounts of retirement system
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(a) (1) The employers' accumulation account shall be the account in which shall be accumulated the contributions made by public employers to the Arkansas Public Employees' Retirement System.(2) Upon the retirement of a member, the difference between the member's annuity reserve a…
Ark. Code Ann. § 24-4-501 Prior service credit generally — Straight life annuity — Definition
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(a) (1) Any member of the Arkansas Public Employees' Retirement System who became a member of the system on July 1, 1957, in the case of a state employee, or who became a member of the system on July 1, 1959, in the case of a county employee, and who was continuously employed by …
Ark. Code Ann. § 24-4-507 Eligibility for benefits — Credited service
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(a) (1) The Board of Trustees of the Arkansas Public Employees' Retirement System shall determine, by appropriate rules consistent with the provisions of this chapter, the amount of service to be credited any member for any fiscal year.(2) (A) For periods of time prior to July 1,…
Ark. Code Ann. § 24-4-508 Eligibility for benefits — Retirement generally
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(a) Any member may voluntarily retire upon his or her written application filed with the Board of Trustees of the Arkansas Public Employees' Retirement System setting forth at what time, not less than thirty (30) days nor more than ninety (90) days subsequent to the execution and…
Ark. Code Ann. § 24-4-509 [Repealed.]
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A.C.A. § 24-4-509Current 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. § 24-4-510 Eligibility for benefits — Deferred and early annuities
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(a) (1) (A) Any member or former member with sufficient years of actual service to qualify for a vested termination annuity who has not attained his or her normal retirement age may retire with an early annuity provided for in subsection (b) of this section upon his or her writte…
Ark. Code Ann. § 24-4-511 Eligibility for benefits — Disability retirement — Definitions
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(a) (1) (A) (i) Except for members of the General Assembly who need at least ten (10) years of actual service, any active member with five (5) or more years of actual service, including actual service for at least eighteen (18) of the twenty-four (24) calendar months immediately …
Ark. Code Ann. § 24-4-512 Eligibility for benefits — Prior service credit for county members
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(1) Any member of the County Division of the Arkansas Public Employees' Retirement System may, upon application and submission of proper proof to the Board of Trustees of the Arkansas Public Employees' Retirement System, receive credit for any service rendered a public employer, …
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…