Arkansas Code § 24-7-726 - Computation of Benefits Based on Contract Salary

If a person employed in a public school district of this state has received an actual salary reduced below the contract salary due to military service or other government service, the Arkansas Teacher Retirement System shall compute retirement benefits based upon the contract salary and not the reduced salary resulting from the military service or other government service, provided that the system receives the employee and employer contributions in effect at the time service is rendered, plus interest, on the difference between the actual salary and the contract salary.

Section: Previous  24-7-713  24-7-714  24-7-715  24-7-718  24-7-719  24-7-720  24-7-725  24-7-726  24-7-727  24-7-728  24-7-729  24-7-730  24-7-731  24-7-732  24-7-733  Next

Last modified: November 15, 2016