Browse Arkansas Code titles and sections
21-4-505. Compensation for unused sick leave of nonclassified employees of state-supported institutions of higher education — Calculation for unused sick leave.
Arkansas Code — all titles (historical 2020) · legal_authorities
21-4-505. Compensation for unused sick leave of nonclassified employees of state-supported institutions of higher education — Calculation for unused sick leave.
(a) At its discretion, a state-supported institution of higher education may compensate a nonclassified employee of the state-supported institution of higher education for accumulated unused sick leave by providing to the nonclassified employee the same compensation for accumulated unused sick leave provided to a classified employee of the state-supported institution of higher education under § 21-4-501.
(b) Compensation for accumulated unused sick leave under this section shall not be used by the:
(1) Arkansas Teacher Retirement System in the calculation of final average salary under § 24-7-202; or
(2) Arkansas Public Employees' Retirement System in the calculation of final average compensation under § 24-4-101.
(c) Unused sick leave for nonclassified employees of state-supported institutions of higher education shall accrue at the same rate as unused sick leave accrues for classified employees for calculations made under this section.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 21-4-505
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Stable record: arkansas_code:legal_authorities:21-4-505
Source file: gov.ar.code.title.21.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 89fa8ea6324a25019183cbf0bff5f25f195fd9a9009b56b85bb4287528a06c17
Source location: content.xml paragraph 2579
Stored source content
21-4-505. Compensation for unused sick leave of nonclassified employees of state-supported institutions of higher education — Calculation for unused sick leave.
(a) At its discretion, a state-supported institution of higher education may compensate a nonclassified employee of the state-supported institution of higher education for accumulated unused sick leave by providing to the nonclassified employee the same compensation for accumulated unused sick leave provided to a classified employee of the state-supported institution of higher education under § 21-4-501.
(b) Compensation for accumulated unused sick leave under this section shall not be used by the:
(1) Arkansas Teacher Retirement System in the calculation of final average salary under § 24-7-202; or
(2) Arkansas Public Employees' Retirement System in the calculation of final average compensation under § 24-4-101.
(c) Unused sick leave for nonclassified employees of state-supported institutions of higher education shall accrue at the same rate as unused sick leave accrues for classified employees for calculations made under this section.
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Arkansas Code — all titles (historical 2020) · legal_authorities
21-4-501. Compensation for unused sick leave at retirement.
(a) Upon retirement or death, any employee or beneficiary of any employee of any agency of the State of Arkansas shall receive compensation for accumulated unused sick leave as follows:
(1) If the employee has accumulated at least fifty (50) days but fewer than sixty (60) days of sick leave, the employee shall receive an amount equal to fifty percent (50%) of the number of accrued sick leave days rounded to the nearest day multiplied by fifty percent (50%) of the employee's daily salary;
(2) If the employee has accumulated at least sixty (60) days but fewer than seventy (70) days of sick leave, the employee shall receive an amount equal to sixty percent (60%) of the number of accrued sick leave days rounded to the nearest day multiplied by sixty percent (60%) of the employee's daily salary;
(3) If the employee has accumulated at least seventy (70) days but fewer than eighty (80) days of sick leave, the employee shall receive an amount equal to seventy percent (70%) of the number of accrued sick days rounded to the nearest day multiplied by seventy percent (70%) of the employee's daily salary; and
(4) If the employee has accumulated at least eighty (80) or more days of sick leave, the employee shall receive an amount equal to eighty percent (80%) of the number of accrued sick leave days rounded to the nearest day multiplied by eighty percent (80%) of the employee's daily salary.
(b) For purposes of this section, the employee's daily salary shall be determined by dividing the annual salary by two hundred sixty (260).
(c) The Office of Personnel Management shall promulgate rules necessary to implement this subchapter.
(d) In no event shall an employee or beneficiary of an employee receive an amount
Source: Arkansas Code — historical release 78 (November 6, 2020) · 21-4-501
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 21-4-501. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-4-101. Definitions.
As used in this act:
(1) “Accumulated contributions” means the sum of all amounts deducted from the compensations of a member and credited to his or her individual account in the member's deposit account, together with regular interest as may have been credited thereon;
(2) “Actual service” means service credited at the rate of one (1) month for each month of service;
(3) “Actuarial equivalent” means a benefit of equal reserve value when “reserve” means the present value of all payments to be made on account of any benefit based upon such reasonable rates of interest and tables of experience as a plan shall adopt from time to time;
(4) “Actuary” means a qualified actuary with experience in retirement plan financing. Membership in the American Academy of Actuaries shall be sufficient for a person to be deemed a qualified actuary;
(5) “Age” means age on last birthday;
(6)(A) “Annuity” means a monthly amount payable from funds of the Arkansas Public Employees' Retirement System throughout the life of a person.
(B) All annuities shall be paid in equal monthly installments;
(7) “Annuity reserve” means the present value of an annuity computed upon the basis of mortality and other such tables of experience and regular interest, as the Board of Trustees of the Arkansas Public Employees' Retirement System shall adopt;
(8) “Beneficiary” means any person except a retirant who is receiving or is designated by a member to receive a plan benefit;
(9) “Benefit program” means a schedule of benefits or benefit formulas from which the amounts of benefits can be determined;
(10) “Board” means the Board of Trustees of the Arkansas Public Employees' Retirement System, as created in this act;
(11)(A) “Compensation” means the recurring remunerat
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-4-101
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 24-4-101. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-7-202. Definitions.
As used in this act:
(1) “Accumulated contributions” means the total of all amounts contributed by a member credited to the member's deposit account, together with regular interest;
(2) “Active member” means any member eligible for service credit rendering service to an employer that is covered by the Arkansas Teacher Retirement System;
(3) “Actual service” means service rendered in a position covered by the Arkansas Teacher Retirement System and does not include purchased or free credited service or reciprocal service;
(4) “Actuarial equivalent” means a benefit of equal reserve value when reserve is the present value of all payment to be made on account of any benefit based upon such reasonable rate of interest and table of experience as a plan shall adopt from time to time;
(5) “Administrator” means:
(A) A person who is:
(i) Employed by an education-related agency that participates in the Arkansas Teacher Retirement System; and
(ii) An active member employed in a position that is a grade GS13, a grade above a GS13, or the equivalent of a grade GS13; or
(B) A person who is:
(i) Employed by a participating employer of the Arkansas Teacher Retirement System; and
(ii) Any one (1) of the following:
(a) A public school superintendent, assistant superintendent, principal, or vice principal;
(b) A president, chancellor, or a director of an institution of higher education; or
(c) A president, vice president, or a director of a community college vocational, technical, or educational cooperative;
(6) “Annuity” means an amount payable to a retirant each fiscal year by the Arkansas Teacher Retirement System in equal monthly installments;
(7) “Arkansas Teacher Retirement System” means a governmental state agency created in 197
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-7-202
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 24-7-202. This identifies an authority to review, not proof of applicability.