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Current as of March 28, 2024 | Updated by Findlaw Staff
As used in this subchapter:
(1) “Benefits-eligible” means a class of employees, determined at the discretion of a post-secondary or higher education employer, eligible to participate in the Arkansas Teacher Retirement System, an alternate retirement plan, or the Arkansas Public Employees' Retirement System;
(2) “Nonmandatory employer” means any public employer that was authorized to enroll new employees into the Arkansas Teacher Retirement System or alternate retirement plan before July 1, 2011;
(3) “PSHE employer” means a post-secondary or higher education employer:
(A) With employees that may be hired without becoming mandatory members of the Arkansas Teacher Retirement System; and
(B) That offers the Arkansas Teacher Retirement System as a retirement plan on or after July 1, 2011; and
(4) “PSHE plan” means the plan establishing the right of a new employee of a PSHE employer to participate in the Arkansas Teacher Retirement System on or after July 1, 2011.
Cite this article: FindLaw.com - Arkansas Code Title 24. Retirement and Pensions § 24-7-1602. Definitions - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-24-retirement-and-pensions/ar-code-sect-24-7-1602/
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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