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24-7-610. Credit for service in National Guard and armed forces reserve — Definition.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-7-610. Credit for service in National Guard and armed forces reserve — Definition.
(a) As used in this section, “armed forces reserve” means one (1) of the reserve components of the United States Armed Forces.
(b)(1) A member of the Arkansas Teacher Retirement System shall be entitled to purchase credited service in the system for a period not to exceed five (5) years for service rendered by the member in the National Guard or the armed forces reserve if the member:
(A) Makes an application to the Board of Trustees of the Arkansas Teacher Retirement System;
(B) Provides proof satisfactory to the board of that person's service in the National Guard or the armed forces reserve; and
(C) Pays to the system for each year of service credit being granted the actuarial equivalent of the member's benefits.
(2) The payment shall be credited to the member's account in the members' deposit account and shall be in addition to regular member contributions.
(c) A member may, one (1) time each fiscal year, purchase up to one (1) year of service credit for each one (1) year of service in the National Guard or armed forces reserve.
(d) The National Guard or armed forces reserve service shall not become credited service under this system until:
(1) The member payments specified in subdivision (b)(1)(C) of this section have been paid in full; and
(2) The member has established five (5) or more years of actual service in the system.
(e) If a member ceases to be an active member before the service in the National Guard or the armed forces reserve has been established as system-credited service, the member payments contributed as specified in subdivision (b)(1)(C) of this section shall be refundable.
(f)(1) This section is supplemental to § 24-7-602, and this sectio
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-7-610
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:24-7-610
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 499642e60b1f8c4439e517a0e78ab0fb2f5c87ab92e1191e06c5b6f12bcdfa8e
Source location: content.xml paragraph 6636
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24-7-610. Credit for service in National Guard and armed forces reserve — Definition.
(a) As used in this section, “armed forces reserve” means one (1) of the reserve components of the United States Armed Forces.
(b)(1) A member of the Arkansas Teacher Retirement System shall be entitled to purchase credited service in the system for a period not to exceed five (5) years for service rendered by the member in the National Guard or the armed forces reserve if the member:
(A) Makes an application to the Board of Trustees of the Arkansas Teacher Retirement System;
(B) Provides proof satisfactory to the board of that person's service in the National Guard or the armed forces reserve; and
(C) Pays to the system for each year of service credit being granted the actuarial equivalent of the member's benefits.
(2) The payment shall be credited to the member's account in the members' deposit account and shall be in addition to regular member contributions.
(c) A member may, one (1) time each fiscal year, purchase up to one (1) year of service credit for each one (1) year of service in the National Guard or armed forces reserve.
(d) The National Guard or armed forces reserve service shall not become credited service under this system until:
(1) The member payments specified in subdivision (b)(1)(C) of this section have been paid in full; and
(2) The member has established five (5) or more years of actual service in the system.
(e) If a member ceases to be an active member before the service in the National Guard or the armed forces reserve has been established as system-credited service, the member payments contributed as specified in subdivision (b)(1)(C) of this section shall be refundable.
(f)(1) This section is supplemental to § 24-7-602, and this section does not diminish the right of any member of the system to obtain credited service in the system for active duty military service within the limits permitted by § 24-7-602.
(2) However, a member shall not be entitled to or receive in excess of five (5) years of credited service rendered by the member under this section.
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Arkansas Code — all titles (historical 2020) · legal_authorities
24-7-602. Military service credit.
(a)(1) If an active member of the Arkansas Teacher Retirement System enters the United States Armed Forces during a period that a federal military draft was in effect and obtains a refund of member contributions from the system, the compulsory military service required of the member may be established as free credited service under this subchapter, if after an honorable discharge from the United States Armed Forces and before retirement the member repays to the system the actuarial equivalent of the member's refunded service.
(2) In addition, an active member who entered the United States Armed Forces during any period that a federal military draft was in effect and who becomes an active member after an honorable discharge from the United States Armed Forces is eligible to receive free military service credit under this section, whether or not the member has five (5) or more years of credited service at the time of the reemployment.
(3) When a member who is first employed after serving in the United States Armed Forces during a period of time that the military draft was in effect, he or she is eligible to receive free military service credit under this section if the member:
(A) Completes five (5) or more years of actual service in the system; and
(B) Receives an honorable discharge.
(b) All United States Armed Forces service not otherwise creditable under this section shall be creditable, provided the member pays to the system the actuarial equivalent for the service credit.
(c)(1) Effective December 12, 1994, a member who leaves employment with a school to serve, on a voluntary or involuntary basis, in the uniformed services of the United States and returns to employment with a school shall be treated as not having incu
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-7-602
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 24-7-602. This identifies an authority to review, not proof of applicability.