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24-7-301. Board of trustees — Members.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-7-301. Board of trustees — Members.
The general administration and responsibility for the proper operation of the Arkansas Teacher Retirement System and for making effective the provisions of this act are vested in a board of trustees of fifteen (15) persons as follows:
(1) The Bank Commissioner, the Treasurer of State, the Auditor of State, and the Commissioner of Elementary and Secondary Education shall be ex officio trustees;
(2)(A) Seven (7) members shall be elected active member trustees, each of whom shall have at least five (5) years of actual service in force and be an active member. For the purpose of this section and § 24-7-302, participants in the Teacher Deferred Retirement Option Plan shall be considered active members.
(B) Four (4) active member trustees shall be employed in a position that requires state licensure, but not an administrator's license. One (1) member trustee will be elected from each of the four (4) congressional districts. The four (4) member trustees shall be elected by the members employed in positions that require state licensure, but not an administrator's license.
(C)(i) Two (2) active member trustees shall be employed in a position requiring an administrator's license, one (1) of whom shall be an administrator.
(ii) These two (2) active member trustees shall be elected by members employed in positions requiring an administrator's license.
(D) One (1) active member trustee shall be employed in a position not requiring state licensure. This member trustee shall be elected by members employed in positions not requiring state licensure;
(3) One (1) trustee shall be a minority, as defined under § 1-2-503, who:
(A) Is an active or retired member of the system;
(B) Is elected from the active and retired membership of
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-7-301
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:24-7-301
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 89164217be4bafcc863c5793cf05b4f5e0a067296d86f7b906f0af06792f862d
Source location: content.xml paragraph 5586
Stored source content
24-7-301. Board of trustees — Members.
The general administration and responsibility for the proper operation of the Arkansas Teacher Retirement System and for making effective the provisions of this act are vested in a board of trustees of fifteen (15) persons as follows:
(1) The Bank Commissioner, the Treasurer of State, the Auditor of State, and the Commissioner of Elementary and Secondary Education shall be ex officio trustees;
(2)(A) Seven (7) members shall be elected active member trustees, each of whom shall have at least five (5) years of actual service in force and be an active member. For the purpose of this section and § 24-7-302, participants in the Teacher Deferred Retirement Option Plan shall be considered active members.
(B) Four (4) active member trustees shall be employed in a position that requires state licensure, but not an administrator's license. One (1) member trustee will be elected from each of the four (4) congressional districts. The four (4) member trustees shall be elected by the members employed in positions that require state licensure, but not an administrator's license.
(C)(i) Two (2) active member trustees shall be employed in a position requiring an administrator's license, one (1) of whom shall be an administrator.
(ii) These two (2) active member trustees shall be elected by members employed in positions requiring an administrator's license.
(D) One (1) active member trustee shall be employed in a position not requiring state licensure. This member trustee shall be elected by members employed in positions not requiring state licensure;
(3) One (1) trustee shall be a minority, as defined under § 1-2-503, who:
(A) Is an active or retired member of the system;
(B) Is elected from the active and retired membership of the system; and
(C) Has at least five (5) years of actual service;
(4)(A) Three (3) retirants shall be elected retirant trustees by the retirees of the system.
(B) Each retirant trustee shall be a retirant with an annuity being paid by the system at the beginning of his or her term of office;
(5) The member and retirant trustees shall be elected in accordance with rules as have been adopted by the board to govern the elections; and
(6) An employee working for the system is not eligible to be:
(A) Elected or appointed to the board; or
(B) A candidate to be elected or appointed to the board.
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Arkansas Code — all titles (historical 2020) · legal_authorities
1-2-503. “Minority” defined.
For terms of Arkansas law, “minority” means black or African American, Hispanic American, American Indian or Native American, Asian, and Pacific Islander.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 1-2-503
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 1-2-503. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-7-302. Term of office and vacancies.
(a)(1) The term of office of each member-elected trustee shall be six (6) years.
(2)(A)(i) An active member trustee shall be ineligible to serve after becoming inactive, retiring, or ceasing to be employed by an Arkansas Teacher Retirement System employer.
(ii) A member trustee who participates in the Teacher Deferred Retirement Option Plan is considered active for purposes of this subsection.
(B) A retirant trustee is ineligible to serve after becoming active.
(b)(1)(A) If any member trustee fails to attend three (3) consecutive regular meetings of the Board of Trustees of the Arkansas Teacher Retirement System, unless in each case excused for cause by the remaining trustees attending the meetings, the member trustee shall be considered to have resigned from the board, and the board shall by resolution declare his or her office of trustee vacated.
(B) A regular meeting of the board shall include one (1) or more days of official business to be considered by the board.
(2) If a vacancy occurs in the office of an elected trustee, the board by majority vote may fill the vacancy by:
(A) A special election; or
(B) Appointment of a trustee until the next system election.
(c) The board shall adopt its own rules pertaining to attendance and vacancies as provided in subsection (b) of this section.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-7-302
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 24-7-302. This identifies an authority to review, not proof of applicability.