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24-7-1606. Concurrent participation and certain salary credit prohibited.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-7-1606. Concurrent participation and certain salary credit prohibited.
(a) A benefits-eligible employee shall not participate in an alternate retirement plan and continue to accrue service credit with the Arkansas Teacher Retirement System.
(b) If a benefits-eligible employee is first employed by a nonmandatory employer or PSHE employer after July 1, 2011, and is concurrently employed by another retirement system employer, all separate days of service shall count for service credit, but only the highest salary of the concurrent retirement system employer shall count to determine final average salary.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-7-1606
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:24-7-1606
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 9552687c25c133a998a210438cfc105b8f049f5f06d35784cd1bc6d7a6dc3058
Source location: content.xml paragraph 8316
Stored source content
24-7-1606. Concurrent participation and certain salary credit prohibited.
(a) A benefits-eligible employee shall not participate in an alternate retirement plan and continue to accrue service credit with the Arkansas Teacher Retirement System.
(b) If a benefits-eligible employee is first employed by a nonmandatory employer or PSHE employer after July 1, 2011, and is concurrently employed by another retirement system employer, all separate days of service shall count for service credit, but only the highest salary of the concurrent retirement system employer shall count to determine final average salary.
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