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Ark. Code Ann. § 24-4-750

Arkansas District Judge Retirement System abolished — Powers, duties, and plan liabilities transferred to Arkansas Public Employees' Retirement System

Applied in 1 court decision — leading case 2022 Ark. App. 275 - LINDA BOLDING v. ARKANSAS PUBLIC EMPLOYEES RETIREMENT SYSTEM ARKANSAS PUBLIC EMPLOYEES RETIREMENT SYSTEM BOARD CANDACE FRANKS, IN HER OFFICIAL AND INDIVIDUAL CAPACITY LARRY WALTHER, IN HIS OFFICIAL AND INDIVIDUAL CAPACITY DAVID HUDSON, IN HIS OFFICIAL AND INDIVIDUAL CAPACITY STEVE FARIS, IN HIS OFFICIAL AND INDIVIDUAL CAPACITY DARYL BASSETT, IN HIS OFFICIAL AND INDIVIDUAL CAPACiTY GARY CARNAHAN, IN HIS OFFICIAL AND INDIVIDUAL CAPACITY JOE HURST, IN HIS OFFICIAL AND INDIVIDUAL CAPACITY ANDREA LEA, IN HER OFFICIAL AND INDIVIDUAL CAPACITY DENNIS MILLIGAN, IN HIS OFFICIAL AND INDIVIDUAL CAPACITY AND DUNCAN BAIRD, IN HIS OFFICIAL AND INDIVIDUAL CAPACITY (2022)

Most recently applied in 2022 Ark. App. 275 - LINDA BOLDING v. ARKANSAS PUBLIC EMPLOYEES RETIREMENT SYSTEM ARKANSAS PUBLIC EMPLOYEES RETIREMENT SYSTEM BOARD CANDACE FRANKS, IN HER OFFICIAL AND INDIVIDUAL CAPACITY LARRY WALTHER, IN HIS OFFICIAL AND INDIVIDUAL CAPACITY DAVID HUDSON, IN HIS OFFICIAL AND INDIVIDUAL CAPACITY STEVE FARIS, IN HIS OFFICIAL AND INDIVIDUAL CAPACITY DARYL BASSETT, IN HIS OFFICIAL AND INDIVIDUAL CAPACiTY GARY CARNAHAN, IN HIS OFFICIAL AND INDIVIDUAL CAPACITY JOE HURST, IN HIS OFFICIAL AND INDIVIDUAL CAPACITY ANDREA LEA, IN HER OFFICIAL AND INDIVIDUAL CAPACITY DENNIS MILLIGAN, IN HIS OFFICIAL AND INDIVIDUAL CAPACITY AND DUNCAN BAIRD, IN HIS OFFICIAL AND INDIVIDUAL CAPACITY (June 2022)

Acts 2007, No. 177, § 1.

(1) The Arkansas District Judge Retirement System, established by § 24-8-801 et seq. [repealed], is abolished, and its powers, duties, and plan liabilities are transferred to the Arkansas Public Employees' Retirement System by a type 3 transfer as prescribed in § 25-2-106.

(2) For purposes of this act, the Arkansas Public Employees' Retirement System shall be considered a principal department established by Acts 1971, No. 38.

(3) The Arkansas Public Employees' Retirement System shall maintain the same process of payments under § 24-4-751.

(4) Active members of the Arkansas District Judge Retirement System on the date of the transfer shall continue to accrue the same program of benefits received before the transfer.

(5) As employer, the government entity that pays the salary of a district judge shall make contributions to the Arkansas Public Employees' Retirement System as a percent of the salary of the active district judge at the rate previously established to fund the district judge benefit program unless the Arkansas Public Employees' Retirement System's actuary determines that a different required contribution rate should be applied.

(6) Each district judge joining the Arkansas Public Employees' Retirement System after the date of transfer shall be deemed an elected official of a city or county and shall receive service credit under § 24-4-101(15)(B).

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.