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24-7-1002. Membership in Arkansas Public Employees' Retirement System for certain employees of colleges, universities, and community colleges.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-7-1002. Membership in Arkansas Public Employees' Retirement System for certain employees of colleges, universities, and community colleges.
(a) All persons, except those who are eligible for membership in the Arkansas Teacher Retirement System as provided for under the Arkansas Teacher Retirement System Act, § 24-7-201 et seq., and except those who are eligible for membership in an alternate system as provided for under §§ 24-7-801 and 24-7-803 — 24-7-808, employed by the University of Central Arkansas, Henderson State University, Arkansas Tech University, Southern Arkansas University, Southern Arkansas University at El Dorado, SAU — Tech at Camden, or a state-supported community college that is other than a campus, unit, or division of the University of Arkansas System or the Arkansas State University System after March 19, 1983, shall be members of the Arkansas Public Employees' Retirement System unless, at the time of employment, they are already members of the Arkansas Teacher Retirement System due to previous employment with an employer covered by the Arkansas Teacher Retirement System.
(b)(1) All persons except those who are members of the Arkansas Public Employees' Retirement System or the Arkansas Teacher Retirement System, as provided for in subsection (a) of this section, and except those who are eligible for membership in an alternate system as provided for under the provisions of §§ 24-7-801 and 24-7-803 — 24-7-808, who are employees of the institutions named in subsection (a) of this section shall have the option of remaining members of the Arkansas Teacher Retirement System or terminating membership in that system and enrolling in the Arkansas Public Employees' Retirement System.
(2) The election to change systems must be made on or before July 30
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-7-1002
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:24-7-1002
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 4de9293955d6a3c19893447ad6ee6c6c3a9071f6bb169113faa7e07e1e2695f2
Source location: content.xml paragraph 7837
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24-7-1002. Membership in Arkansas Public Employees' Retirement System for certain employees of colleges, universities, and community colleges.
(a) All persons, except those who are eligible for membership in the Arkansas Teacher Retirement System as provided for under the Arkansas Teacher Retirement System Act, § 24-7-201 et seq., and except those who are eligible for membership in an alternate system as provided for under §§ 24-7-801 and 24-7-803 — 24-7-808, employed by the University of Central Arkansas, Henderson State University, Arkansas Tech University, Southern Arkansas University, Southern Arkansas University at El Dorado, SAU — Tech at Camden, or a state-supported community college that is other than a campus, unit, or division of the University of Arkansas System or the Arkansas State University System after March 19, 1983, shall be members of the Arkansas Public Employees' Retirement System unless, at the time of employment, they are already members of the Arkansas Teacher Retirement System due to previous employment with an employer covered by the Arkansas Teacher Retirement System.
(b)(1) All persons except those who are members of the Arkansas Public Employees' Retirement System or the Arkansas Teacher Retirement System, as provided for in subsection (a) of this section, and except those who are eligible for membership in an alternate system as provided for under the provisions of §§ 24-7-801 and 24-7-803 — 24-7-808, who are employees of the institutions named in subsection (a) of this section shall have the option of remaining members of the Arkansas Teacher Retirement System or terminating membership in that system and enrolling in the Arkansas Public Employees' Retirement System.
(2) The election to change systems must be made on or before July 30, 1986.
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Arkansas Code — all titles (historical 2020) · legal_authorities
24-7-201. Title.
This act, which establishes the Arkansas Teacher Retirement System, may be cited as the “Arkansas Teacher Retirement System Act”.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-7-201
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. The source passage cites 24-7-201. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-7-801. Definitions.
As used in this subchapter:
(1) “Alternate retirement plan” means a retirement plan based on the purchase of contracts providing retirement and death benefits for the employees of Arkansas State University, the Division of Higher Education employees, and employees of Arkansas's state-supported universities, colleges, or junior colleges that are not a part of the University of Arkansas system;
(2) “Board” means the governing body of a college;
(3) “College” means any one (1) of the state-supported universities, colleges, and junior colleges not a part of the University of Arkansas system, and Arkansas State University;
(4) “Division employees” means the Director of the Division of Higher Education and the professional education employees of the division;
(5) “Retirement system” means the Arkansas Teacher Retirement System;
(6) “Staff members” means any employee of a college or university who is eligible for membership in any retirement plan;
(7) “State” means the State of Arkansas; and
(8) “State board” means the Arkansas Higher Education Coordinating Board.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-7-801
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 24-7-801. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-7-803. Provisions of subchapter controlling.
Insofar as the provisions of this subchapter are, or may be, inconsistent with the provisions of any other general or special act, the provisions of this subchapter shall be controlling.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-7-803
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 24-7-803. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-7-808. Contributions.
(a)(1) Any college or university which elects to establish and maintain an alternate retirement plan, and the Arkansas Higher Education Coordinating Board if it so elects, shall contribute to that plan on behalf of each staff member who elects to participate in the alternate retirement plan, or employee of the Division of Higher Education, six percent (6%) of his or her total regular compensation during the continuance of his or her employment.
(2) Each staff member who elects to participate in the alternate retirement plan, or division employee, at the discretion of the college or university, shall also contribute thereto six percent (6%) of his or her total regular compensation.
(b)(1) At its discretion, the division, college, or university may contribute a minimum of an additional four percent (4%) of the staff member's total regular compensation.
(2) The division, college, or university may contribute an amount so that the percentage rate in subdivision (a)(1) of this section plus the additional rate in subdivision (b)(1) of this section equals the total employer contribution rate under the Arkansas Teacher Retirement System if the college or university determines that sufficient funds are available to pay that contribution rate.
(3) Each staff member may be required to match that additional contribution by contributing a percentage of his or her total regular compensation as determined by the division, college, or university.
(c) In addition to the contributions defined in subsections (a) and (b) of this section, the division or any college or university which elects to establish and maintain an alternate retirement plan may permit a newly eligible employee who elects to establish and maintain an alternate retirement plan and ma
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-7-808
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 24-7-808. This identifies an authority to review, not proof of applicability.