Browse Arkansas Code titles and sections
24-10-506. Other local police and fire service.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-10-506. Other local police and fire service.
(a) An active member of the Arkansas Local Police and Fire Retirement System shall be entitled to purchase credited service in the system equivalent to a period not to exceed fifteen (15) years if the member:
(1)(A) Has at least five (5) years of actual service with the system.
(B) A member hired on or after July 1, 2013, shall accrue ten (10) years of actual service in order to be eligible for purchase under this section;
(2)(A) Had service:
(i) With a local government covered by a municipal policemen's pension and relief fund under § 24-11-401 et seq. or a municipal firemen's relief and pension fund under § 24-11-801 et seq.; or
(ii)(a) As a public safety officer or law enforcement officer in an agency for which the service as a public safety officer or law enforcement officer was not covered by the system.
(b) As used in this section, “service as a public safety officer” includes paid service with a municipality that has police officers or firefighters covered under a policemen's pension and relief fund or a firemen's relief and pension fund where the member performed services as a cadet.
(B) Service that is or will be eligible for benefit payment from another plan shall not be eligible for purchase under the system; and
(3) Contributes to the system an amount that is the actuarial equivalent of the value of the credited service to be purchased. This actuarial equivalent would be as of the time of the purchase of credited service and would be determined by the actuary to the system.
(b) The Board of Trustees of the Arkansas Local Police and Fire Retirement System may make the final determination as to:
(1) The length of purchased service credit;
(2) The amount of regular interest to be charged; a
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-10-506
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.
Issuing source page ↗
Authority boundary: historical statutory source snapshot not current law.
Open the recorded source website ↗
Record provenance
Stable record: arkansas_code:legal_authorities:24-10-506
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: c5a2d1ecdd3975cb523423821575743476c8690cbce178dbb30eeda732d0be43
Source location: content.xml paragraph 10331
Stored source content
24-10-506. Other local police and fire service.
(a) An active member of the Arkansas Local Police and Fire Retirement System shall be entitled to purchase credited service in the system equivalent to a period not to exceed fifteen (15) years if the member:
(1)(A) Has at least five (5) years of actual service with the system.
(B) A member hired on or after July 1, 2013, shall accrue ten (10) years of actual service in order to be eligible for purchase under this section;
(2)(A) Had service:
(i) With a local government covered by a municipal policemen's pension and relief fund under § 24-11-401 et seq. or a municipal firemen's relief and pension fund under § 24-11-801 et seq.; or
(ii)(a) As a public safety officer or law enforcement officer in an agency for which the service as a public safety officer or law enforcement officer was not covered by the system.
(b) As used in this section, “service as a public safety officer” includes paid service with a municipality that has police officers or firefighters covered under a policemen's pension and relief fund or a firemen's relief and pension fund where the member performed services as a cadet.
(B) Service that is or will be eligible for benefit payment from another plan shall not be eligible for purchase under the system; and
(3) Contributes to the system an amount that is the actuarial equivalent of the value of the credited service to be purchased. This actuarial equivalent would be as of the time of the purchase of credited service and would be determined by the actuary to the system.
(b) The Board of Trustees of the Arkansas Local Police and Fire Retirement System may make the final determination as to:
(1) The length of purchased service credit;
(2) The amount of regular interest to be charged; and
(3) The manner in which payment will be made to the system.
(c) Service credit purchased under this section may be used to determine the member's total credited service for the amount upon retirement and shall not be used to determine his or her final average pay for service under the system.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-11-401. Applicability.
This subchapter shall not apply to any city that had a policemen's pension and relief fund on June 10, 1937.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-11-401
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 24-11-401. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-11-801. Board of trustees — Members.
(a) The board of trustees of every firemen's relief and pension fund established in a city, incorporated town, or duly qualified fire protection district under this subchapter shall be composed of the following:
(1) The chief executive, who shall serve as chair of the board;
(2) The city or district clerk or recorder, who shall serve as secretary of the board;
(3) The fire chief or, if the fire chief is not a member of the fund, the highest ranking member of the fire department who is a member and who is willing to serve, or, if there is no active member of the fire department, a retired member of the fire department; and
(4)(A) Four (4) active or retired members of the pension fund.
(B) As used in this section, “member” includes an active or retired member of the fund but does not include a beneficiary of the fund.
(b) The board thus created shall provide for the disbursement of the firemen's relief and pension fund and shall designate its beneficiaries as directed in this act.
(c) The active and retired members shall elect the member trustees by secret written ballot in May of each year by a method to be determined by the board.
(d) All member trustees shall serve two-year terms without compensation.
(e) The board may make all rules needful for its guidance to implement the provisions regarding board composition.
(f) The chief executive in the cities, incorporated towns, or fire protection districts shall be the chair, the city or town clerk or recorder or clerk of the fire protection district shall be ex officio secretary, and the city, town, or fire protection district treasurer shall be ex officio treasurer of the board of trustees during his or her respective term of office as the official of the city,
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-11-801
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 24-11-801. This identifies an authority to review, not proof of applicability.