12 chapters · 682 sections in this title.
Ark. Code Ann. § 24-7-904 Establishment and administration of plan
0.9K chars
(a) The Career Education and Workforce Development Board may establish and maintain an alternate retirement plan which shall authorize the purchase of contracts providing retirement and death benefits for staff members. (b) Under the plan, staff members shall contribute, to the e…
Ark. Code Ann. § 24-7-905 Methods of providing benefits — Agent for service of process
1.2K chars
(a) An alternate retirement plan may be a separate system or fund or may be one which participates in a larger system or fund with respect to some or all of the benefits provided thereunder. (b) The benefits to be provided for or on behalf of staff members under an alternate reti…
Ark. Code Ann. § 24-7-906 Approval of companies and contracts
1.5K chars
(a) The Career Education and Workforce Development Board shall approve the companies from which contracts are to be purchased under the alternate retirement plan and shall approve the form and contents of the contracts. (b) In giving the approval, the board shall give due conside…
Ark. Code Ann. § 24-7-907 Participation in plan
8.2K chars
(1) Participation in an alternate retirement plan established pursuant to this subchapter shall be as follows:(1) All staff members shall participate in either the Arkansas Teacher Retirement System or an alternate retirement plan or may participate in both, but participation in …