Title 24, Retirement and Pensions

The board shall deposit all moneys into the bank selected as the fiscal agent of the city in which it is located, but only if the moneys draw the same rate of interest as the city receives on its deposits. Otherwise, the board shall make its own selection of the bank.

(a) The board of trustees of the pension and relief fund for paid nonuniformed employees shall have the power to draw sums from its treasury to invest in the name of the board of trustees of the pension and relief fund for paid nonuniformed employees in interest-bearing bonds of …

(a) Except as provided in subsection (c) of this section, all moneys paid from the pension and relief fund for paid nonuniformed employees shall be paid by the treasurer only upon warrants signed by the chair and countersigned by the secretary thereof. (b) Except as provided in s…

(a) There shall be added to the fund pension and relief fund for paid nonuniformed employees the following moneys:(1) All moneys given or donated to the fund; and(2) Not less than six percent (6%) of the monthly salary of each employee, to be deducted each month by the city or it…

If at any time there should not be sufficient money in the pension and relief fund for paid nonuniformed employees to pay each person a full amount to which he or she may be entitled, the beneficiaries shall be paid by prorating the fund available among them in accordance with th…

The board of trustees of the pension and relief fund for paid nonuniformed employees shall report to the council, city commissioner, or city clerk of the city on the condition of the pension and relief fund for paid nonuniformed employees on the first regular meeting in January o…

(a) No portion of the pension and relief fund for paid nonuniformed employees shall at any time be subject to seizure or to be levied on under any process whatsoever for the payment of any claim or debts held against any disabled or retired employee or the surviving spouse, depen…

(a) The board of trustees of the pension and relief fund for paid nonuniformed employees, by a majority vote of the members and with the approval of the physician on the board, shall have the power to retire from service any employee who has become temporarily totally disabled wh…

(a) If any paid nonuniformed employee, while in the performance of his or her duty, shall become physically or mentally totally and permanently disabled by reason of his or her service from performing his or her departmental duties and this fact shall be certified to by the physi…

(a) (1) If while in the performance of his or her duty any employee shall be killed or die as a result of injuries received in performing that duty, or shall die of a disease contracted by reason of that occupation, or shall die of natural causes while in service, and shall leave…

(a) Whenever an active or retired employee shall die or be killed, the board of trustees of the pension and relief fund for paid nonuniformed employees shall appropriate from the pension and relief fund for paid nonuniformed employees the sum of one hundred dollars ($100) to pay …

(a) Upon approval by the governing body, a city of the first class or city of the second class may provide for retirement benefits established by this section for a city attorney elected or appointed to office. (b) In all cities of the first class and cities of the second class i…

(a) (1) A city clerk or clerk-treasurer in a city of the first class may retire from office for the remainder of his or her life at the retirement pay provided in this section if the person has served as city clerk, clerk-treasurer, or city treasurer for:(A) Not less than ten (10…

(a) Any deputy city clerk in a city of the first class who shall have served twenty (20) years as deputy city clerk, who shall have attained sixty-five (65) years of age, and who shall retire from office or be succeeded by another deputy city clerk may receive for the remainder o…

(a) (1) (A) In all cities of the first class in this state, any person who shall serve as mayor of the city for a period of not less than ten (10) years, upon reaching sixty (60) years of age, or any person who shall serve as mayor of the city for a period of not less than twenty…

(a) (1) A person who has served as mayor of a city of the second class for at least twenty (20) years may retire at any age, and a person who has served as a mayor of a city of the second class for at least sixteen (16) years may retire upon reaching sixty-five (65) years of age.…

(a) Upon approval of the governing body of any city of the first class, any person who has served as city treasurer of the city for a period of fifteen (15) years and who shall retire from office or be succeeded by another city treasurer shall, upon reaching sixty (60) years of a…

(a) The city or utility manager of any municipality in this state having a city manager form of government and a population of fewer than fifty thousand (50,000) inhabitants, according to the most recent federal decennial census, at his or her option may be included in or exclude…

(a) (1) Any recorder-treasurers and city treasurers in a city of the second class who shall have served as recorder-treasurer and city treasurer for a period of not less than ten (10) years, upon reaching sixty (60) years of age, or who shall serve twenty (20) years without regar…

When any county official or county employee retires and either is fifty-five (55) years of age or older and vested in the County Division of the Arkansas Public Employees' Retirement System or has thirty (30) or more years of actual service or thirty-five (35) years of credited s…

When any municipal official or municipal employee fifty-five (55) years of age or over who has completed twenty (20) years of service to the municipality and who is vested in the retirement system retires, the official or employee may continue to participate in the municipality's…

Nothing contained in § 24-12-129 should be interpreted to prevent a municipality from providing benefits contained in § 24-12-129 to retirees who are less than fifty-five (55) years of age or who have completed fewer than twenty (20) years of municipal service. Further, any perso…

Any former mayor of a municipality having a population of not fewer than twenty-one thousand eight hundred (21,800) nor more than twenty-two thousand eight hundred (22,800) according to the 1990 Federal Decennial Census who is receiving a monthly retirement annuity of two hundred…

(a) A retired employee or official may participate in the healthcare plan of the municipality from which he or she retired if he or she:(1) Is receiving a retirement benefit from the Arkansas Local Police and Fire Retirement System, Arkansas Public Employees' Retirement System, o…

(a) For purposes of this subchapter, “city” means a city of the first class, a city of the second class, and an unincorporated town. (b) Subject to subsection (c) of this section, a board of trustees of a city nonuniformed employees' pension plan with assets in excess of one hund…

(a) A board of trustees of a city nonuniformed employees' pension plan with assets in excess of one hundred thousand dollars ($100,000) may employ an investment advisor as its agent to make investment recommendations and to invest the assets pursuant to a written board investment…

(a) Trustees who comply with the requirements of § 24-2-618(a) are not liable to the beneficiaries or to the trust for the decisions or actions of the agent to whom the function was delegated. (b) By accepting the delegation of a trust function from the trustees of a trust that i…

This subchapter is cumulative to §§ 24-12-101 — 24-12-118 and shall not repeal those sections.