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Arkansas Code Title 24. Retirement and Pensions § 24-2-704. Retirement in the event of government reorganization

Current as of March 28, 2024 | Updated by Findlaw Staff

(a) In the event of any structural reorganization of state government operations, all current employees, appointees, trustees, and commissioners of any affected agency, board, or commission shall remain associated with the state-supported retirement system that existed for them as of the date immediately prior to the reorganization.

(b)(1) Member employers and employees of any state-supported retirement system shall remain covered by their respective systems.

(2) The transition of any state agency or other political subdivision of the state from one state-supported retirement system to another shall be accomplished through enabling legislation in the Eighty-fifth General Assembly.

(3) In the event of a retirement coverage transition, there shall be no transfer of service from one retirement system to another. Instead, the provisions of §§ 24-2-402 -- 24-2-405, 24-2-407, and 24-2-408 shall be in full force and effect.

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Cite this article: FindLaw.com - Arkansas Code Title 24. Retirement and Pensions § 24-2-704. Retirement in the event of government reorganization - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-24-retirement-and-pensions/ar-code-sect-24-2-704/

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