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24-6-504. Employer contributions.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-6-504. Employer contributions.
When an employee who is a member of the State Police Retirement System's Tier Two Benefit Plan begins participation in the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan:
(1) The employer contributions shall continue to be paid;
(2) State contributions for the employee shall be credited to the State Police Retirement System; and
(3) Seventy-two percent (72%) of the monthly retirement benefits that would have been payable had the employee elected to cease employment and receive a service retirement shall be paid into the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan account.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-6-504
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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Record provenance
Stable record: arkansas_code:legal_authorities:24-6-504
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 68484fe5840bf2ba5c03d2112ff0792eae4e64803cd11b66b4bd934ff4fa560f
Source location: content.xml paragraph 5100
Stored source content
24-6-504. Employer contributions.
When an employee who is a member of the State Police Retirement System's Tier Two Benefit Plan begins participation in the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan:
(1) The employer contributions shall continue to be paid;
(2) State contributions for the employee shall be credited to the State Police Retirement System; and
(3) Seventy-two percent (72%) of the monthly retirement benefits that would have been payable had the employee elected to cease employment and receive a service retirement shall be paid into the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan account.
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