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24-7-408. Retirement fund assets accounts — Retirement reserve account.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-7-408. Retirement fund assets accounts — Retirement reserve account.
(a) The retirement reserve account shall be the account from which shall be paid all annuities and benefits in lieu of annuities payable as provided in this act to retirants who retired on account of superannuation or disability and to beneficiaries of such retirants.
(b) If a disability retirant returns to teaching service:
(1) The amount of his or her accumulated contributions at the time of his or her disability retirement shall be transferred from the retirement reserve account to the members' deposit account; and
(2) The remainder of his or her annuity reserve at the time of return shall be transferred from the retirement reserve account to the employer accumulation account.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-7-408
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:24-7-408
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: cd3a749b552901d90b97c145b786572d2032e9eede2669b135167e7e28e0497e
Source location: content.xml paragraph 6060
Stored source content
24-7-408. Retirement fund assets accounts — Retirement reserve account.
(a) The retirement reserve account shall be the account from which shall be paid all annuities and benefits in lieu of annuities payable as provided in this act to retirants who retired on account of superannuation or disability and to beneficiaries of such retirants.
(b) If a disability retirant returns to teaching service:
(1) The amount of his or her accumulated contributions at the time of his or her disability retirement shall be transferred from the retirement reserve account to the members' deposit account; and
(2) The remainder of his or her annuity reserve at the time of return shall be transferred from the retirement reserve account to the employer accumulation account.
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