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24-7-732. System termination or discontinuance — Vesting.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-7-732. System termination or discontinuance — Vesting.
Notwithstanding the provisions of this subchapter, members' accrued benefits under the Arkansas Teacher Retirement System shall be one hundred percent (100%) vested:
(1) To the extent those benefits are then funded, in the event there is a partial or complete termination of the system or in the event of a complete discontinuance of employer contributions to the system; and
(2) Upon a member's attaining normal retirement age.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-7-732
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:24-7-732
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: be47e2dbad6d0f81f671548dd486e507b36a80f5c7762ddda9962937712062a8
Source location: content.xml paragraph 7449
Stored source content
24-7-732. System termination or discontinuance — Vesting.
Notwithstanding the provisions of this subchapter, members' accrued benefits under the Arkansas Teacher Retirement System shall be one hundred percent (100%) vested:
(1) To the extent those benefits are then funded, in the event there is a partial or complete termination of the system or in the event of a complete discontinuance of employer contributions to the system; and
(2) Upon a member's attaining normal retirement age.
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