Browse Arkansas Code titles and sections
24-8-901. Definition.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-8-901. Definition.
As used in this subchapter, “municipal judge's retirement fund” means a local municipal judge and clerk retirement fund established by a local government under § 24-8-301 et seq., § 24-8-401 et seq., or § 24-8-501 et seq.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-8-901
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. A text match is a research starting point; applicability is not established.
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Stable record: arkansas_code:legal_authorities:24-8-901
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: f1986412a80d31f302133aeaa7a70de1dbef220b2f4d49e7d61e656146df50cb
Source location: content.xml paragraph 9459
Stored source content
24-8-901. Definition.
As used in this subchapter, “municipal judge's retirement fund” means a local municipal judge and clerk retirement fund established by a local government under § 24-8-301 et seq., § 24-8-401 et seq., or § 24-8-501 et seq.
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Arkansas Code — all titles (historical 2020) · legal_authorities
24-8-301. Subchapter cumulative.
This subchapter shall not repeal existing laws of this state relating to the retirement of municipal court judges and municipal court clerks but shall be cumulative thereto, specifically to §§ 24-8-401 and 24-8-403 — 24-8-408, and acts amendatory thereof. It shall in no manner affect the rights or status of persons receiving or eligible to receive retirement benefits under the provisions of §§ 24-8-401 and 24-8-403 — 24-8-408.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-8-301
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 24-8-301. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-8-401. Board of trustees.
(a)(1) In cities in a county having a population of one hundred fifty thousand (150,000) or more, in which county there are two (2) or more municipal courts with a judge of a municipal court licensed to practice law, there is created a board of trustees which shall consist of the mayor, city clerk, city treasurer, city health officer, and municipal judges of the city.
(2) In counties having a population of at least one hundred fifty thousand (150,000) and at least one (1) county municipal court, there is hereby created a board of trustees which shall consist of the county judge, county clerk, county treasurer, and the judge of the county municipal court.
(b)(1) The board shall receive and administer the funds collected under the provisions of this subchapter and shall have the power to make necessary rules therefor.
(2)(A) The board shall have the authority to invest such funds as are not necessary for the immediate use for payment of retirement benefits in interest-bearing securities of the State of Arkansas or certificates of the United States or any or all such securities.
(B) Subject to subdivision (b)(2)(C) of this section, a city or county having municipal judges' and clerks' pension plans with assets in excess of one hundred thousand dollars ($100,000) shall have full power to invest and reinvest the moneys of the plan and to hold, purchase, sell, assign, transfer, or dispose of any of the investments so made, as well as the proceeds of the investments and moneys. Such authority shall be implemented by the mayor and the city treasurer, or the county judge and the county treasurer, respectively.
(C) The investments and reinvestments shall only be made in accordance with the prudent investor rule as set forth in §§ 24-3-417
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-8-401
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 24-8-401. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-8-501. Municipal or police judges.
(a)(1) Any person who has held office as municipal judge or police judge for a period of thirty (30) years or more shall receive during the remainder of his or her life, as a pension, one-half (½) of the salary payable to the municipal judge of the court he or she served upon his or her retirement from office.
(2) The pension shall be payable in the same manner as the salary of the municipal judge is paid.
(b)(1) Any person who has held the office of municipal judge and, upon retirement, has accumulated not less than twenty (20) years or more of service as municipal judge or police judge shall, upon reaching sixty (60) years of age, receive, as a pension for the remainder of his or her life, an amount which shall be based on the salary payable to the judge of the municipal court on which he or she served prior to his or her retirement from office.
(2) The amount shall be one-half (½) of the salary which was payable to the municipal judge of the court on July 1, 1973, but in no event shall that person receive less than one-half (½) of the annual salary which was paid to him or her at the time of his or her retirement or at the time that he or she was succeeded by another judge.
(3) The pension shall be payable in the same manner as the salary of the municipal judge is paid.
(4) Any municipal judge who is entitled to a pension under any previous act shall be entitled to receive his or her pension benefits under this section.
(c)(1) Any person who has served four (4) or more years as a member of the General Assembly and has held the office of municipal judge and, upon retirement, has accumulated not less than twelve (12) years of service as municipal judge shall receive, upon reaching sixty (60) years of age, as a pension
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-8-501
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 24-8-501. This identifies an authority to review, not proof of applicability.