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Current as of March 28, 2024 | Updated by FindLaw Staff
(a)(1) The term of office of each member-elected trustee shall be six (6) years.
(2)(A)(i) An active member trustee shall be ineligible to serve after becoming inactive, retiring, or ceasing to be employed by an Arkansas Teacher Retirement System employer.
(ii) A member trustee who participates in the Teacher Deferred Retirement Option Plan is considered active for purposes of this subsection.
(B) A retiree trustee is ineligible to serve after becoming active.
(b)(1)(A) If any member trustee fails to attend three (3) consecutive regular meetings of the Board of Trustees of the Arkansas Teacher Retirement System, unless in each case excused for cause by the remaining trustees attending the meetings, the member trustee shall be considered to have resigned from the board, and the board shall by resolution declare his or her office of trustee vacated.
(B) A regular meeting of the board shall include one (1) or more days of official business to be considered by the board.
(2) If a vacancy occurs in the office of an elected trustee, the board by majority vote may fill the vacancy by:
(A) A special election; or
(B) Appointment of a trustee until the next system election.
(c) The board shall adopt its own rules pertaining to attendance and vacancies as provided in subsection (b) of this section.
Cite this article: FindLaw.com - Arkansas Code Title 24. Retirement and Pensions § 24-7-302. Term of office and vacancies - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-24-retirement-and-pensions/ar-code-sect-24-7-302/
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 or via Westlaw before relying on it for your legal needs.
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