Browse Arkansas Code titles and sections
24-7-603. Out-of-state service — Definition.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-7-603. Out-of-state service — Definition.
(a) As used in this section, “out-of-state service” means service rendered in any state except Arkansas in a position that would have been covered by the Arkansas Teacher Retirement System had the service been actual service covered by the system if rendered in the state.
(b) Out-of-state service purchased before July 1, 1987, shall be credited as service under this section in accordance with provisions in force before July 1, 1987.
(c) From and after July 1, 1987, an active member shall be eligible to establish out-of-state service to be credited as service under this subchapter under the following conditions:
(1)(A) The out-of-state service credit to be granted shall be limited to service for which no benefit could be paid by another system similar in purpose to this system, except Social Security, if the member had left on deposit his or her contributions to the other system.
(B) The credit under subdivision (c)(1)(A) of this section is limited to fifteen (15) years;
(2)(A) The member shall pay to the system for each year of service credit granted the actuarial equivalent of the member's benefits.
(B) The payment shall be credited to the member's account in the members' deposit account and shall be in addition to regular member contributions thereto;
(3)(A) The out-of-state service shall not become credited service under this system until the member has established five (5) or more years of actual service.
(B) If a member ceases to be an active member before the out-of-state service has been established as system-credited service, the member payments made under this section shall be refundable;
(4) The benefit program to be applied to each year of service credit being granted shall be the benefit progra
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-7-603
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.
Issuing source page ↗
Authority boundary: historical statutory source snapshot not current law.
Open the recorded source website ↗
Record provenance
Stable record: arkansas_code:legal_authorities:24-7-603
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 166f0c234eeec45f9a4554587674b5ad3bbdc2e86ce4496cb497d007526f56ab
Source location: content.xml paragraph 6504
Stored source content
24-7-603. Out-of-state service — Definition.
(a) As used in this section, “out-of-state service” means service rendered in any state except Arkansas in a position that would have been covered by the Arkansas Teacher Retirement System had the service been actual service covered by the system if rendered in the state.
(b) Out-of-state service purchased before July 1, 1987, shall be credited as service under this section in accordance with provisions in force before July 1, 1987.
(c) From and after July 1, 1987, an active member shall be eligible to establish out-of-state service to be credited as service under this subchapter under the following conditions:
(1)(A) The out-of-state service credit to be granted shall be limited to service for which no benefit could be paid by another system similar in purpose to this system, except Social Security, if the member had left on deposit his or her contributions to the other system.
(B) The credit under subdivision (c)(1)(A) of this section is limited to fifteen (15) years;
(2)(A) The member shall pay to the system for each year of service credit granted the actuarial equivalent of the member's benefits.
(B) The payment shall be credited to the member's account in the members' deposit account and shall be in addition to regular member contributions thereto;
(3)(A) The out-of-state service shall not become credited service under this system until the member has established five (5) or more years of actual service.
(B) If a member ceases to be an active member before the out-of-state service has been established as system-credited service, the member payments made under this section shall be refundable;
(4) The benefit program to be applied to each year of service credit being granted shall be the benefit program in effect at the time of retirement; and
(5) Such other rules consistent with this subchapter as the Board of Trustees of the Arkansas Teacher Retirement System may from time to time adopt.
(d) An active member may purchase a fraction of a year of out-of-state service to be credited as service under this subchapter in the same manner as provided for out-of-state service under subsection (c) of this section if the service meets the following requirements:
(1) The member has not less than one-fourth (¼) year of out-of-state credited service in the fiscal year; and
(2) The fraction of a year of out-of-state service may be credited in keeping with policies of the board under § 24-7-601.
(e) An active member shall be eligible, upon application, to purchase service rendered outside the state during a period of employment with an education coordinating council to be credited as out-of-state service under the provisions of this section, provided that the conditions of subsection (c) of this section are met.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-7-601. Credited service generally.
(a) By rule, the Board of Trustees of the Arkansas Teacher Retirement System shall fix and determine the number of years, and fraction thereof, of service to be credited each member for his or her employment as an employee.
(b)(1) A member shall be employed by an employer covered by the Arkansas Teacher Retirement System for a minimum of one hundred sixty (160) days per fiscal year to earn one (1) year of credited service.
(2) Fractional years of service may be granted beginning July 1, 1971, as prescribed by the board.
(3) A member shall not receive more than one (1) year of service in any one (1) fiscal year.
(4)(A) Beginning July 1, 2011, a contributory member who accrues less than one-fourth (¼) year of service credit in a fiscal year may accumulate and carry forward days of service until the first fiscal year in which the contributory member accrues the minimum days of service required to credit one-fourth (¼) year of service credit.
(B) Upon the contributing member's accruing of a minimum of one-fourth (¼) year of service credit, the:
(i) Service credit shall be applied to the latest fiscal year; and
(ii) Carry-forward days shall be reset to zero (0).
(c)(1) Days of absence from service because of sickness shall be considered as service if the days are paid sick leave.
(2)(A) Except as provided under subdivision (c)(2)(B) of this section, paid or unpaid accrued, unused sick leave shall not be credited as service in the Arkansas Teacher Retirement System.
(B) If a member dies during active service on or after July 1, 2013, the member's accrued unused sick leave, whether paid or unpaid, shall be credited as service in the fiscal year of the member's death to determine the member's retirement eligibility, fi
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-7-601
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 24-7-601. This identifies an authority to review, not proof of applicability.