24-4-201. Arkansas Public Employees' Retirement System Fund — Creation — System accounts.

Arkansas Code — all titles (historical 2020) · legal_authorities

24-4-201. Arkansas Public Employees' Retirement System Fund — Creation — System accounts.

24-4-201. Arkansas Public Employees' Retirement System Fund — Creation — System accounts. (a)(1) There is established on the books of the Treasurer of State, the Auditor of State, and the Secretary of the Department of Finance and Administration a fund to be known as the “Arkansas Public Employees' Retirement System Fund”. (2) This fund shall consist of trust funds as provided by law and shall be used for the payment of personal services, operating expenses, investments, benefits, refunds, and for such other purposes as may be authorized by law. (b)(1) The Board of Trustees of the Arkansas Public Employees' Retirement System shall have the authority to establish a division or divisions for the various participating employers as necessary to administer the Arkansas Public Employees' Retirement System. (2) The retirement system accounts shall be the members' deposit account, the employers' accumulation account, the retirement reserve account, the income account, and such other accounts as the board shall establish from time to time.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-4-201

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.