Ark. Code Ann. § 24-4-745

This is the official text of Ark. Code Ann. § 24-4-745, part of Arkansas’s Code Ann — part of the compiled statutory law of Arkansas, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.

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General Assembly employees

Official statutory text

(a) An employee of the General Assembly who has at least five (5) years' service in the Arkansas Public Employees' Retirement System and who served at least four hundred (400) days as a session employee of the General Assembly may apply for and receive current service credit in the system for service rendered as a session employee. (b) The employee shall receive credit only if the employee or employer pays or causes to be paid to the Arkansas Public Employees' Retirement System Fund: (1) All necessary employee contributions at the rate and on the compensation that would have been paid had he or she been a member during that time; (2) All employer contributions based on the employer normal cost from the most recently completed regular annual actuarial valuation and the compensation that would have been paid had he or she been a member during that time; and (3) Regular interest on the employee and employer contributions computed from the date the service was rendered to the date the payment is received by the system. (c) The employer's contributions and employees' contributions, if applicable, shall be transmitted to the system in the form and manner, together with the supporting data, as the Board of Trustees of the Arkansas Public Employees' Retirement System shall prescribe from time to time. (d) The employer may pay the employer contributions and employee contributions, if applicable, on behalf of the employee for services rendered. Acts 1999, No. 325, § 12.

(a) An employee of the General Assembly who has at least five (5) years' service in the Arkansas Public Employees' Retirement System and who served at least four hundred (400) days as a session employee of the General Assembly may apply for and receive current service credit in the system for service rendered as a session employee.

(b) The employee shall receive credit only if the employee or employer pays or causes to be paid to the Arkansas Public Employees' Retirement System Fund: (1) All necessary employee contributions at the rate and on the compensation that would have been paid had he or she been a member during that time; (2) All employer contributions based on the employer normal cost from the most recently completed regular annual actuarial valuation and the compensation that would have been paid had he or she been a member during that time; and (3) Regular interest on the employee and employer contributions computed from the date the service was rendered to the date the payment is received by the system.

(1) All necessary employee contributions at the rate and on the compensation that would have been paid had he or she been a member during that time;

(2) All employer contributions based on the employer normal cost from the most recently completed regular annual actuarial valuation and the compensation that would have been paid had he or she been a member during that time; and

(3) Regular interest on the employee and employer contributions computed from the date the service was rendered to the date the payment is received by the system.

(c) The employer's contributions and employees' contributions, if applicable, shall be transmitted to the system in the form and manner, together with the supporting data, as the Board of Trustees of the Arkansas Public Employees' Retirement System shall prescribe from time to time.

(d) The employer may pay the employer contributions and employee contributions, if applicable, on behalf of the employee for services rendered.

Acts 1999, No. 325, § 12.

Status: in_force

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