Arkansas Code Title 24, Chapter 4, Subchapter 11 - Contributions of Members to Their Deposit Accounts
§ 24-4-1101 - Membership.
(a) A public employee, as defined in ยง 24-4-101(17), first hired on or after July 1, 2005, is subject to the benefit provisions of...
§ 24-4-1102 - Member Contributions.
(a) (1) The contributions of a member shall be five percent (5%) of the member's annual compensation and shall be placed in the member's...
§ 24-4-1103 - Benefits Generally.
(a) (1) Upon retirement under this subchapter, a member shall receive a straight life pension equal to two and three-hundredths percent (2.03%) of the...
§ 24-4-1104 - Annuity Options.
Before the date the first payment of a member's annuity is due, a member may elect to receive the annuity as a straight life...
§ 24-4-1105 - Deferred and Early Annuities.
(a) Any member or former member with sufficient years of actual service to qualify for a vested termination annuity who has not attained normal...
§ 24-4-1106 - Benefits -- Death of Retirant.
(a) In the event a retirant receiving a straight life pension dies before the retirant has received an aggregate amount of straight life pension...
§ 24-4-1107 - Redetermination of Benefits.
(a) Each July 1 the Arkansas Public Employees' Retirement System shall redetermine the amount of each monthly benefit that has been payable by the...
§ 24-4-1109 - Maximum Benefit Limitation.
(a) Benefits paid under this chapter shall not exceed the limitations of section 415 of the Internal Revenue Code that are applicable to governmental...