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Current as of March 28, 2024 | Updated by Findlaw Staff
In lieu of terminating employment and accepting a service retirement pension, a state police officer may elect to participate in the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan and defer the receipt of benefits in accordance with this subchapter if:
(1) The state police officer:
(A) Is a member of the State Police Retirement System's Tier Two Benefit Plan under § 24-6-401 et seq.;
(B) Has at least twenty-eight (28) years of actual service as a member of the State Police Retirement System's Tier Two Benefit Plan under § 24-6-401 et seq., including service credit a member earns after April 3, 1997, as a member of the plan under § 24-6-401 et seq., and the member's service credit from a reciprocal retirement system under § 24-2-401 et seq.; and
(C) Is eligible to receive a service retirement pension; and
(2) The Board of Trustees of the State Police Retirement System approves the participation in the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan.
Cite this article: FindLaw.com - Arkansas Code Title 24. Retirement and Pensions § 24-6-502. Election to participate in Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-24-retirement-and-pensions/ar-code-sect-24-6-502/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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