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24-7-1309. Benefits from Arkansas Teacher Retirement System.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-7-1309. Benefits from Arkansas Teacher Retirement System.
In the event that a Teacher Deferred Retirement Option Plan participant applies for benefits from the Arkansas Teacher Retirement System pursuant to § 24-7-704 related to disability retirement, the application shall be treated as an application for voluntary retirement pursuant to § 24-7-701, and no benefits other than those that would be payable without regard to the disability shall become payable.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-7-1309
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:24-7-1309
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: f19593f2151987bc95b7edd966bb572a3da9c143be425b0c85a7cd0cf19e37a9
Source location: content.xml paragraph 8074
Stored source content
24-7-1309. Benefits from Arkansas Teacher Retirement System.
In the event that a Teacher Deferred Retirement Option Plan participant applies for benefits from the Arkansas Teacher Retirement System pursuant to § 24-7-704 related to disability retirement, the application shall be treated as an application for voluntary retirement pursuant to § 24-7-701, and no benefits other than those that would be payable without regard to the disability shall become payable.
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Arkansas Code — all titles (historical 2020) · legal_authorities
24-7-701. Voluntary retirement.
(a)(1)(A) Except as provided under subdivision (a)(2) of this section, an active member who either attains sixty (60) years of age and has five (5) or more years of actual and reciprocal service or who has twenty-eight (28) or more years of credited service regardless of age may voluntarily retire upon written application filed with the Arkansas Teacher Retirement System.
(B) If a member fails to submit a complete retirement application within six (6) calendar months after the effective date of benefits, including all additional documentation required by the system, the application shall be void unless an extension has been granted by the system.
(2)(A) A member shall meet the termination of covered employment requirements under § 24-7-502 to be eligible for retirement unless the member has attained normal retirement age.
(B) A member who fails to meet the termination of employment requirements of this subsection shall have his or her retirement benefits cancelled and forfeits any retirement benefits until the termination requirements are met.
(C)(i) A member who fails to meet the termination requirements of this section and has received retirement benefits from the system shall repay the benefits to the system before becoming eligible again for voluntary retirement.
(ii) The system may adjust and collect any benefits that have been overpaid to a member under § 24-7-205.
(D) A member who fails to meet the termination requirements of this section upon employment by a covered employer shall return to active member status under § 24-7-502.
(b) Upon a member's retirement, he or she or she shall receive a life annuity as provided for in § 24-7-705.
(c) The annuity shall begin the first day of the calendar month next following
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-7-701
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 24-7-701. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-7-704. Disability retirement.
(a)(1)(A) An active member in employer service with five (5) or more years of actual and reciprocal service who becomes totally and permanently physically or mentally incapacitated for his or her job duties as a result of a personal injury or disease may be retired by the Board of Trustees of the Arkansas Teacher Retirement System upon a determination of disability consistent with this section and approval of a written application filed with the Arkansas Teacher Retirement System.
(B) An active member who is eligible for retirement under § 24-7-701 is not eligible for disability retirement.
(C)(i) An active member who has met the eligibility requirement of subdivision (a)(1)(A) of this section shall meet the termination of covered employment requirements under § 24-7-502 to be eligible for disability retirement benefits.
(ii) For eligibility under this section, a member is considered active for an additional fiscal year following the last fiscal year that the member renders actual service to a covered employer and obtains at least one-fourth (¼) year of service credit.
(iii) Service credit used in calculating any benefits paid under this section means days of service, including paid sick leave covered by the employer.
(D) The member is qualified to receive disability retirement benefits if by majority opinion the medical committee reports to the board in writing that its review of the member's application and accompanying documentation finds:
(i) The member is physically or mentally incapacitated;
(ii) The member exhibits symptoms of physical or mental incapacitation while the member is employed by a system employer as an active member;
(iii) The member is unable to perform his or her current work duties;
(iv) The inc
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-7-704
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 24-7-704. This identifies an authority to review, not proof of applicability.