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24-8-319. Benefits.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-8-319. Benefits.
Any person participating in a retirement plan authorized under this subchapter on or after July 1, 1999, shall be entitled to a retirement benefit if that person has ten (10) or more years of actual service in a plan covered by this subchapter and is at least sixty (60) years of age. If the person does not have sufficient service to draw the full benefit provided, then a partial benefit not to exceed the full benefit shall be payable when the person has reached the age requirement specified in this subchapter. The partial benefit shall be determined by multiplying the full benefit by the following fraction:
(1) The numerator shall be the number of months of actual service under the provisions of this subchapter; and
(2) The denominator shall be two hundred forty (240) months.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-8-319
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:24-8-319
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 6656e90637fb4682b2b5ca2c2eddc4a3b7538143130d03cf066391d73a6f1da1
Source location: content.xml paragraph 8987
Stored source content
24-8-319. Benefits.
Any person participating in a retirement plan authorized under this subchapter on or after July 1, 1999, shall be entitled to a retirement benefit if that person has ten (10) or more years of actual service in a plan covered by this subchapter and is at least sixty (60) years of age. If the person does not have sufficient service to draw the full benefit provided, then a partial benefit not to exceed the full benefit shall be payable when the person has reached the age requirement specified in this subchapter. The partial benefit shall be determined by multiplying the full benefit by the following fraction:
(1) The numerator shall be the number of months of actual service under the provisions of this subchapter; and
(2) The denominator shall be two hundred forty (240) months.
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