(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:
(A) Returns to employment in a position covered under the system within one hundred eighty (180) days of the person's effective date of retirement; or
(B) Is a member with service credit under § 24-4-521 at a rate of two (2) or more years of credited service for each year of actual service and the person returns to employment in a position covered under the system within one (1) year of the person's effective date of retirement.
(2) A member participating in the Arkansas Public Employees' Retirement System Deferred Retirement Option Plan on January 1, 2009, shall have the one-hundred-eighty-day separation requirement waived and may return to employment otherwise covered by the system no sooner than thirty (30) calendar days from the commencement of his or her retirement.
(3) A member who has retired and commenced receiving benefits in any month between January 2009 and June 2009, inclusive, shall have the one-hundred-eighty-day separation requirement waived and may return to employment otherwise covered by the system no sooner than thirty (30) calendar days from the commencement of his or her retirement.
(c) (1) An elected public official may retire and begin receiving retirement benefits if the elected public official is a member:
(A) Whose current service in public office in one (1) form of government is covered by § 24-4-521(b)(5); and
(B) Who is elected to public office in a different form of government and will begin serving in that public office immediately after the expiration of his or her term of public office described in subdivision (c)(1)(A) of this section.
(2) The member shall notify the retirement system of his or her impending service in another form of government at least thirty (30) days prior to the first day of the month in which that service will begin. A completed retirement application shall be submitted at that time.
(3) As used in this subsection, "form of government" means city government, county government, or state government.
(d) Persons failing to meet termination requirements shall forfeit their benefits until requirements are met.
(e) (1) As used in this section, "terminate" means:
(A) The member's employment has ended;
(B) A complete severance of the employer-employee relationship has occurred; and
(C) The member has ceased performing any services for the employer, except for noncompensated functions related to the transfer of the duties or the transfer of the position itself.
(2) If the member is an elected public official, "terminate" as used in this section means:
(A) The member has resigned, been removed, or otherwise no longer holds the elected position;
(B) A complete severance from the elected position has occurred; and
(C) The member has ceased performing any services in his or her elected position, except for noncompensated functions related to the transfer of the duties or the transfer of the position itself.
(3) As used in this section, "terminate" does not mean:
(A) Taking a leave of absence;
(B) Performing job duties or services without remuneration; or
(C) Receiving or accruing additional employment-related compensation, reimbursements, benefits, or other emoluments.
Section: Previous 24-4-507 24-4-508 24-4-510 24-4-511 24-4-512 24-4-514 24-4-516 24-4-517 24-4-518 24-4-519 24-4-520 24-4-521 24-4-522 NextLast modified: November 15, 2016