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Current as of March 28, 2024 | Updated by Findlaw Staff
(a) If a member who has been on disability retirement with the Arkansas Teacher Retirement System returns to regular, covered employment and then returns to disability retirement with the system, the disability retirement benefit shall be the higher of the:
(1) Amount that the member would have received if he or she did not return to regular, covered employment; or
(2) Recomputed benefit using the additional salary and additional service credit earned by the member under the covered employment.
(b)(1) A member who returns to covered employment under this section after disability retirement shall not receive a disability retirement benefit from the system in any month that the member is paid a salary from a covered employer for a work period that is concurrent with the receipt of the disability retirement.
(2) Any disability retirement benefit erroneously paid to the member or retiree for a month in which the member receives salary from a covered employer may be recovered by the system as an overpayment as allowed by law.
Cite this article: FindLaw.com - Arkansas Code Title 24. Retirement and Pensions § 24-7-738. Return to regular covered employment for service credit after disability retirement--Alternate option to return to disability retirement--Incentive to work - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-24-retirement-and-pensions/ar-code-sect-24-7-738/
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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