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24-10-702. Credited service.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-10-702. Credited service.
(a) For purposes of this subchapter, “credited service”:
(1) Includes military service credit under § 24-10-502; and
(2) Does not include service credit that is purchased under the Arkansas Local Police and Fire Retirement System.
(b) An active member in paid service may use up to thirty-six (36) months of actual volunteer service credit with the system to attain eligibility to participate in the Local Police and Fire Deferred Retirement Option Plan under § 24-10-701.
(c) In all cases, the accrual of any additional service credit shall not occur upon the enrollment in the Local Police and Fire Deferred Retirement Option Plan under § 24-10-701.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-10-702
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:24-10-702
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 44a9b37b34691e2dc708d99712c6980cfbcfa780f9b96debc29ec956765ca542
Source location: content.xml paragraph 10832
Stored source content
24-10-702. Credited service.
(a) For purposes of this subchapter, “credited service”:
(1) Includes military service credit under § 24-10-502; and
(2) Does not include service credit that is purchased under the Arkansas Local Police and Fire Retirement System.
(b) An active member in paid service may use up to thirty-six (36) months of actual volunteer service credit with the system to attain eligibility to participate in the Local Police and Fire Deferred Retirement Option Plan under § 24-10-701.
(c) In all cases, the accrual of any additional service credit shall not occur upon the enrollment in the Local Police and Fire Deferred Retirement Option Plan under § 24-10-701.
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Arkansas Code — all titles (historical 2020) · legal_authorities
24-10-502. Military service.
(a) In the event a member who while an employee enters the United States Armed Forces during any period of compulsory or voluntary military service, the armed service actually served by him or her shall be credited him or her as service under this subchapter.
(b)(1) In any case of doubt as to the period of armed service to be so credited a member under this section, the Board of Trustees of the Arkansas Local Police and Fire Retirement System shall have final power to determine the period.
(2) Except for service credited under subsection (d) of this section, no person shall be credited with a total of more than five (5) years of armed service.
(c) During the period of armed service and until the member's return as an employee, his or her contributions to the Arkansas Local Police and Fire Retirement System shall be suspended, and any balance remaining to his or her credit in the system shall be accumulated at regular interest.
(d)(1)(A) Under section 4312 of the Uniformed Services Employment and Reemployment Rights Act of 1994, 38 U.S.C. § 4312 in effect October 13, 1996, a member who leaves covered employment to serve in the uniformed services of the United States after giving notice to the employer and who returns to employment shall be treated as not having incurred a break in service with the employer.
(B) The employer shall certify to the system that reemployment was in accordance with section 4312 of the Uniformed Services Employment and Reemployment Rights Act of 1994, 38 U.S.C. § 4312.
(2) Under this subsection, the uniformed services of the United States are limited to the United States Armed Forces, the Army National Guard and Air National Guard when engaged in active duty for training, state active duty, inactive dut
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-10-502
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 24-10-502. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-10-701. Election to participate.
(a) In lieu of terminating employment and accepting a voluntary service retirement benefit, a police officer or firefighter who is a member in paid service with the Arkansas Local Police and Fire Retirement System may elect in a manner prescribed by the system to participate in the Local Police and Fire Deferred Retirement Option Plan under this section and defer the receipt of benefits in accordance with the provisions of this subchapter, provided that the member meets one (1) of the following requirements:
(1) The member has at least twenty-eight (28) years of service; or
(2) The member has at least twenty (20) years of service and is at least fifty-five (55) years of age.
(b) The Board of Trustees of the Arkansas Local Police and Fire Retirement System shall approve the participation in the plan.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-10-701
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 24-10-701. This identifies an authority to review, not proof of applicability.