(a) (1) An active member of the General Assembly or any person who has served as a member of the General Assembly subsequent to January 1, 1957, or who has qualified for coverage under the Arkansas Public Employees' Retirement System with respect to service rendered as a member of the General Assembly as authorized by law, or who is a member of the system as a General Assembly member, or who has credited service in the system as a General Assembly member of the system for service rendered as a member of the General Assembly may voluntarily retire upon written application filed with the Board of Trustees of the Arkansas Public Employees' Retirement System.
(2) The application shall set forth at what time, not less than thirty (30) days nor more than ninety (90) days subsequent to the execution and filing of the application, that a person desires to retire or to receive an annuity for which he or she is qualified under the system, if, at the time of retirement or election to receive benefits, the person satisfies at least one (1) of the following conditions:
(A) Attainment of age sixty (60) with ten (10) years of credited service for General Assembly service;
(B) Attainment of age fifty-five (55) with fourteen (14) years of credited service for General Assembly service;
(C) Attainment of age sixty (60) with six (6) years of credited service for General Assembly service and is seventy-five percent (75%) disabled because of federal military service;
(D) Attainment of age fifty-five (55) with six (6) or more years of credited service for General Assembly service, and six (6) years of credited service as an elected county official, and eight (8) years of credited service as a state or county employee. However, if the person has fourteen (14) or more years of credited service as an elected county official, eight (8) years of service as a state or county employee shall not be required for eligibility; or
(E) Attainment of age fifty (50) with eighteen (18) years of credited service for General Assembly service.
(b) Upon retirement, the person shall receive an annuity as provided for retired General Assembly members of the system.
Section: 24-4-705 24-4-706 24-4-707 24-4-710 24-4-712 24-4-714 24-4-723 24-4-724 24-4-726 24-4-727 24-4-729 24-4-732 24-4-733 24-4-737 NextLast modified: November 15, 2016