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24-8-203. Board of trustees.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-8-203. Board of trustees.
(a) The administration and control of the Arkansas Judicial Retirement System shall be vested in a board known as the “Board of Trustees of the Arkansas Judicial Retirement System”.
(b)(1) The members of the board shall consist of five (5) persons appointed by the Arkansas Judicial Council.
(2) The members shall serve at the pleasure of the council.
(3) One (1) of the members shall be elected by the board to serve as chair.
(c) The duties of the board shall be:
(1) To make all rules necessary and proper for carrying out the provisions of this section;
(2) To provide administrative direction and control of the executive director and staff as may from time to time be required;
(3) To appoint an actuary, or firm of actuaries, to be a technical advisor to the board on matters regarding the operation of the system on an actuarial basis. The actuary shall perform such duties as are required by him or her under this subdivision (c)(3) and as are from time to time required by the board;
(4) To appoint professional investment counsel to be the board's investment advisor or money manager;
(5) To serve without pay but may receive expense reimbursement in accordance with § 25-16-901 et seq.; and
(6) To do any and all things necessary for the proper execution of this section.
(d) The board shall meet at least quarterly and at other times as necessary at the call of the chair.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-8-203
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:24-8-203
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 6b139e91740f82df42d25991dfab6ce89c8b712a83604a32474449478d38d263
Source location: content.xml paragraph 8443
Stored source content
24-8-203. Board of trustees.
(a) The administration and control of the Arkansas Judicial Retirement System shall be vested in a board known as the “Board of Trustees of the Arkansas Judicial Retirement System”.
(b)(1) The members of the board shall consist of five (5) persons appointed by the Arkansas Judicial Council.
(2) The members shall serve at the pleasure of the council.
(3) One (1) of the members shall be elected by the board to serve as chair.
(c) The duties of the board shall be:
(1) To make all rules necessary and proper for carrying out the provisions of this section;
(2) To provide administrative direction and control of the executive director and staff as may from time to time be required;
(3) To appoint an actuary, or firm of actuaries, to be a technical advisor to the board on matters regarding the operation of the system on an actuarial basis. The actuary shall perform such duties as are required by him or her under this subdivision (c)(3) and as are from time to time required by the board;
(4) To appoint professional investment counsel to be the board's investment advisor or money manager;
(5) To serve without pay but may receive expense reimbursement in accordance with § 25-16-901 et seq.; and
(6) To do any and all things necessary for the proper execution of this section.
(d) The board shall meet at least quarterly and at other times as necessary at the call of the chair.
Cross-references
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Arkansas Code — all titles (historical 2020) · legal_authorities
25-16-901. Definitions — Limitations.
(a) For purposes of this subchapter, the term “state board” means every state board, commission, committee, council, task force, and similar entity except the General Assembly, the State Highway Commission, and the Arkansas State Game and Fish Commission.
(b) This subchapter shall have no effect on the payment of mileage, expense reimbursement, and per diem authorized by law to be paid to members of the General Assembly, the State Highway Commission, and the Arkansas State Game and Fish Commission.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 25-16-901
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 25-16-901. This identifies an authority to review, not proof of applicability.