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12 chapters · 682 sections in this title.
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. § 24-4-723 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…