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24-7-604. Overseas service.

Arkansas Code — all titles (historical 2020) · legal_authorities

24-7-604. Overseas service.

24-7-604. Overseas service. (a) As used in this section, “overseas service” means service in an American-type overseas school sponsored and approved by either the United States Department of State or the United States Department of Defense, or service rendered in the Peace Corps or AmeriCorps VISTA, Volunteers in Service to America. (b) A member of the Arkansas Teacher Retirement System may receive membership service credit for service in an overseas school subject to the following conditions: (1) To be eligible for overseas service credit, a member must have a minimum of five (5) years of membership service in a position covered by the system; (2)(A) The overseas 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. (B) The maximum overseas service credited to any member shall be ten (10) years; (3)(A) To be eligible for a year of overseas service credit, a member must have rendered the minimum days of service required for a fiscal year of service credit under § 24-7-601. (B) Fractions of years of service may be credited in keeping with policies of the Board of Trustees of the Arkansas Teacher Retirement System as provided by § 24-7-601; (4)(A) Overseas service credit may be established by paying to the system the actuarial equivalent of the member's benefits. (B) The employer's cost-of-service credit may be paid either by the employer or by the member.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-7-604

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:24-7-604
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 6b05ab6a3f17b31d56e750b16a00fbe1447f754a95b9538b9cc376ab9d7da460

Source location: content.xml paragraph 6530

Stored source content

24-7-604. Overseas service. (a) As used in this section, “overseas service” means service in an American-type overseas school sponsored and approved by either the United States Department of State or the United States Department of Defense, or service rendered in the Peace Corps or AmeriCorps VISTA, Volunteers in Service to America. (b) A member of the Arkansas Teacher Retirement System may receive membership service credit for service in an overseas school subject to the following conditions: (1) To be eligible for overseas service credit, a member must have a minimum of five (5) years of membership service in a position covered by the system; (2)(A) The overseas 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. (B) The maximum overseas service credited to any member shall be ten (10) years; (3)(A) To be eligible for a year of overseas service credit, a member must have rendered the minimum days of service required for a fiscal year of service credit under § 24-7-601. (B) Fractions of years of service may be credited in keeping with policies of the Board of Trustees of the Arkansas Teacher Retirement System as provided by § 24-7-601; (4)(A) Overseas service credit may be established by paying to the system the actuarial equivalent of the member's benefits. (B) The employer's cost-of-service credit may be paid either by the employer or by the member.

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Arkansas Code — all titles (historical 2020) · legal_authorities

24-7-601. Credited service generally.

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.