reglab/housing_qa huggingface dataset:
AR Code § 24-4-802 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 4 - Arkansas Public Employees' Retirement System|Subchapter 8 - Deferred Retirement Option Plan|§ 24-4-802. Eligibility — Effect of election

 (a) When a member of the Arkansas Public Employees' Retirement System elects participation in the Arkansas Public Employees' Retirement System Deferred Retirement Option Plan, the member shall fill out an application form as developed by the Board of Trustees of the Arkansas Public Employees' Retirement System. The member's application shall be reviewed to determine whether or not the member meets the eligibility requirements specified in this subchapter. The member's deferred retirement option date shall be the later of:  (1) The first day of the month following the system's determination that the member is eligible for plan participation; or  (2) The date requested by the member on the application.    (b)  (1) A member who elects participation in the plan may elect one (1) of the annuity options provided in § 24-4-606.  (2) The election shall be deemed to apply to the member's deferred retirement option plan benefit as well as to the member's monthly retirement benefit from the system at the time it becomes payable.    (c)  (1) The election to participate in the plan is irrevocable and the duration of participation in the plan for active members shall not exceed seven (7) years.  (2) Under no circumstances shall a member receive service credit under any state-supported retirement system during a period of participation or following a period of such participation in the same retirement system's plan.    (d) When a member begins participation in the plan, the:  (1) Employee contributions to the system on behalf of the member shall cease; and  (2) Employer contributions to the system on behalf of the member shall continue.
AR Code § 24-4-803 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 4 - Arkansas Public Employees' Retirement System|Subchapter 8 - Deferred Retirement Option Plan|§ 24-4-803. Amount of benefit — Amount of contribution — Interest

 (a)  (1) The member's deferred benefit shall be the monthly benefit to which the member would have been entitled if the member had thirty (30) years of service and had actually retired on the member's deferred retirement option date with regard to the provisions of § 24-4-606 related to annuity options.  (2) If the member has less than thirty (30) years of actual service, but at least twenty-eight (28) years of service, the portion of the member's deferred benefit that is contributed to the Arkansas Public Employees' Retirement System Deferred Retirement Option Plan will be reduced by the percentage established by the Board of Trustees of the Arkansas Public Employees' Retirement System, and then shall be subject to the additional computations as set forth in subsections (b) and (c) of this section.    (b) The member's deferred option account shall be the account in which shall be accumulated the member's deferred option contributions, plus interest. Effective July 1, 1999, the Arkansas Public Employees' Retirement System's deferred option contributions shall be at least seventy-five percent (75%) of the system's deferred option benefit with the exact contribution to be determined in accordance with the rules of the board as is actuarially appropriate for the system. The member shall be informed of the amount of his or her deferred option contribution and informed that his or her selection of the deferred retirement option, the time of the retirement deferral, and the selection of the retirement annuity are irrevocable.  (c) The interest on contributions to the member's deferred option account shall be credited to the individual account balance of the member on an annual basis at the end of each fiscal year. The board shall determine the rate of interest to be credited to each member's deferred option account.
AR Code § 24-4-805 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 4 - Arkansas Public Employees' Retirement System|Subchapter 8 - Deferred Retirement Option Plan|§ 24-4-805. Death or disability

 (a) In the event that an Arkansas Public Employees' Retirement System Deferred Retirement Option Plan participant dies, the benefits payable from the Arkansas Public Employees' Retirement System shall be determined as though the participant had separated from service and been found eligible for monthly benefits by the Board of Trustees of the Arkansas Public Employees' Retirement System on the day prior to the death, with death following immediately thereafter.  (b) In the event that a plan participant applies for benefits from the system pursuant to § 24-4-511 related to disability retirement, the application shall be treated as an application for voluntary retirement pursuant to § 24-4-601 and no benefits other than those that would be payable without regard to the disability shall become payable.
AR Code § 24-4-806 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 4 - Arkansas Public Employees' Retirement System|Subchapter 8 - Deferred Retirement Option Plan|§ 24-4-806. Limitation on benefit enhancement

 (a) No benefit enhancement provided for by this subchapter shall be implemented if it would cause the publicly supported retirement system's unfunded actuarial accrued liabilities to exceed a thirty-year amortization.  (b) No benefit enhancement provided for by this subchapter shall be implemented by any publicly supported system which has unfunded actuarial accrued liabilities being amortized over a period exceeding thirty (30) years until the unfunded actuarial accrued liabilty is reduced to a level less than the standards prescribed by § 24-1-101 et seq.
AR Code § 24-4-1001 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 4 - Arkansas Public Employees' Retirement System|Subchapter 10 - Retirement Benefits|§ 24-4-1001. Determination of benefits for wildlife officers — Responsibility for additional costs

 (a) For purposes of determining benefits under this chapter, all credited service, whenever earned, of persons employed as wildlife officers of the Arkansas State Game and Fish Commission on July 4, 1983, and of persons thereafter employed in such positions prior to July 1, 1997, shall be treated as public safety member service.  (b) The additional cost to the Arkansas Public Employees' Retirement System of this section shall be the responsibility of the commission, and the commission shall pay to the system an additional twelve percent (12%) of covered payroll at the same time as employer contributions are paid by law for other commission employees.  (c) It is the specific intent of this section to provide that the twelve percent (12%) contribution referenced in subsection (b) of this section shall be in addition to those required by § 24-2-701(c).  (d)  (1) Any person who is covered on July 3, 1989, by a state-supported retirement system and who was a member of the system on July 4, 1983, in a position defined by the system as “public safety member” shall receive credit for public safety member service for any service as a wildlife officer with the commission, which service was rendered before July 4, 1983.  (2) Provided, the additional cost to the system shall be the responsibility of the member, and the member shall pay to the system any additional cost, as computed by actuarial determination.
AR Code § 24-4-1002 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 4 - Arkansas Public Employees' Retirement System|Subchapter 10 - Retirement Benefits|§ 24-4-1002. Benefit provisions — Subjection of annuity rights to process of law

 (a) The right of a person to an annuity, to the return of accumulated contributions, the annuity itself, any annuity option, any other right accrued or accruing under the provisions of § 24-4-101 et seq., and all moneys belonging to a plan shall not be subject to execution, garnishment, attachment, the operation of bankruptcy or insolvency laws, or any other process of law whatsoever and shall be unassignable, except as is specifically provided in this chapter.  (b) An employer shall have the right of setoff for any claim arising from embezzlement by or fraud of a member, retirant, or beneficiary.
AR Code § 24-4-1003 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 4 - Arkansas Public Employees' Retirement System|Subchapter 10 - Retirement Benefits|§ 24-4-1003. Benefit provisions — Inspection of records

 All records kept by an Arkansas public retirement system, whether required to be kept by law or board policy, shall be open to public inspection as provided in § 25-19-105, except that individual member's records which are kept for the purpose of compiling information for the member's retirement or Social Security records shall not be open to the public.
AR Code § 24-4-1004 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 4 - Arkansas Public Employees' Retirement System|Subchapter 10 - Retirement Benefits|§ 24-4-1004. Determination of benefits for civilian firefighters of State Military Department or Department of the Military — Responsibility for additional costs

 (a) For purposes of determining benefits under this chapter, all credited service, whenever earned, of persons employed as civilian firefighters of the State Military Department or Department of the Military as of July 1, 1997, and of persons thereafter employed in those positions shall be treated as public safety member service if the position is one hundred percent (100%) federally funded.  (b) The additional cost to the Arkansas Public Employees' Retirement System as computed by actuarial determination is the responsibility of the employer and is in addition to those costs required by § 24-2-701(c).  (c) Employment as a public safety member shall be credited at one and one-half (1½) times the regular rate for crediting service.  (d)  (1) A public safety member who purchases military service credit under § 24-2-502 shall be credited at the regular rate for credited service and not an enhanced rate.  (2) A public safety member shall pay the same rate for the purchase of service credit from the system as a member of the system who is not a public safety member.
AR Code § 24-4-1101 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 4 - Arkansas Public Employees' Retirement System|Subchapter 11 - Contributions of Members to their Deposit Accounts|§ 24-4-1101. Membership

 (a) A public employee, as defined in § 24-4-101(17), first hired on or after July 1, 2005, is subject to the benefit provisions of this subchapter.  (b)  (1)  (A) A public employee who remains an active member of the Arkansas Public Employees' Retirement System may elect coverage under the benefit provisions of this subchapter.  (B) If the member elects contributory coverage, the effective date of the member's contributory coverage shall be:  (i) The first payroll period that is paid and reported in the next month after the contributory election; and  (ii) Prospective only.      (2) A conversion or purchase of noncontributory service into contributory service under this subchapter is not allowed.  (3) The election shall be made as directed by the Board of Trustees of the Arkansas Public Employees' Retirement System and is irrevocable.    (c) Noncontributory members who terminate covered service for a period of more than six (6) months and subsequently return to covered service will be subject to the provisions of this subchapter.
AR Code § 24-4-1102 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 4 - Arkansas Public Employees' Retirement System|Subchapter 11 - Contributions of Members to their Deposit Accounts|§ 24-4-1102. Member contributions

 (a)  (1) The contributions of a member shall be five percent (5%) of the member's annual compensation and shall be placed in the member's deposit account as provided in § 24-4-401.  (2) Interest shall be paid on accumulated member contributions at the rate of two percent (2%) per annum.  (3) As used in this subsection, “compensation” has the same meaning as in § 24-4-101.    (b)  (1) For purposes of deferring federal and state income tax under 26 U.S.C. § 414(h)(2), as adopted by § 26-51-414, the employer shall pick up the member's contributions to the Arkansas Public Employees' Retirement System required by this section payable on or after July 1, 2005.  (2)  (A) Member contributions picked up by the employer shall be paid from the same source of funds used for the payment of salary to a member.  (B) The employer shall be solely responsible for remitting member contributions to the system in a manner consistent with § 24-4-202, including without limitation compliance with deadlines and penalties.  (C) A deduction shall be made from each member's salary equal to the amount of the member's contribution picked up by the employer.  (D) For all other purposes, member contributions picked up by the employer shall be considered member contributions.      (c) Upon termination of covered service, a former member may request a refund of the former member's accumulated contributions under § 24-4-603, except that interest will be credited on all balances for service through the last completed fiscal year as provided in § 24-4-209(a).
AR Code § 24-4-1103 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 4 - Arkansas Public Employees' Retirement System|Subchapter 11 - Contributions of Members to their Deposit Accounts|§ 24-4-1103. Benefits generally

 (a)  (1) Upon retirement under this subchapter, a member shall receive a straight life pension equal to two and three-hundredths percent (2.03%) of the member's final average compensation multiplied by the number of years and any fraction of a year of the member's service for each year of contributory service rendered prior to July 1, 2007.  (2) For each year of contributory service in the Arkansas Public Employees' Retirement System rendered after June 30, 2007, the member shall receive two percent (2%) of the member's final average compensation multiplied by the number of years and any fraction of a year of the member's service.  (3) For each year of actual service in the system in excess of twenty-eight (28) years that is rendered on or after July 1, 2009, a member shall receive a straight life annuity equal to an additional five-tenths of one percent (0.5%) of the member's final average compensation.    (b) Any member may voluntarily retire upon filing a written application with the Board of Trustees of the Arkansas Public Employees' Retirement System not less than thirty (30) days nor more than ninety (90) days before the date the member desires to be retired if that member has:  (1) Twenty-eight (28) or more years of credited service regardless of age; or  (2)  (A) Attained or attains sixty-five (65) years of age and has five (5) or more years of actual service.  (B) However, a member of the General Assembly must have ten (10) or more years of actual service if the member only has service as a member of the General Assembly.      (c) No temporary annuity will be provided to members covered by this subchapter.  (d) The maximum benefit payable upon retirement shall be one hundred percent (100%) of the member's final average compensation without regard to any postretirement increases enacted by the General Assembly.
AR Code § 24-4-1104 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 4 - Arkansas Public Employees' Retirement System|Subchapter 11 - Contributions of Members to their Deposit Accounts|§ 24-4-1104. Annuity options

 Before the date the first payment of a member's annuity is due, a member may elect to receive the annuity as a straight life annuity or as one (1) of the reduced annuity options provided in § 24-4-606.
AR Code § 24-4-1105 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 4 - Arkansas Public Employees' Retirement System|Subchapter 11 - Contributions of Members to their Deposit Accounts|§ 24-4-1105. Deferred and early annuities

 (a) Any member or former member with sufficient years of actual service to qualify for a vested termination annuity who has not attained normal retirement age may retire with an early annuity provided in § 24-4-510(a).  (b) In the event a member with five (5) or more years of actual service in the Arkansas Public Employees' Retirement System ceases employment as a covered member before reaching sixty-five (65) years of age or attaining twenty-eight (28) years of service and does not withdraw his or her accumulated employee contributions to the system, the member is entitled to receive an annuity upon attainment of sixty-five (65) years of age and submission of a retirement application to the system.  (c) If a former member has applied for a refund of contributions but returns to employment with a participating public employer prior to the date the refunded contributions are received, the request is void and employment must be terminated again to request a refund of contributions.
AR Code § 24-4-1106 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 4 - Arkansas Public Employees' Retirement System|Subchapter 11 - Contributions of Members to their Deposit Accounts|§ 24-4-1106. Benefits — Death of retirant

 (a) In the event a retirant receiving a straight life pension dies before the retirant has received an aggregate amount of straight life pension payments equal to the accumulated contributions credited in the retirant's deposit account at the time of retirement, the difference between the accumulated contributions and the aggregate amount of straight life pension payments received by the retirant shall be paid to the named beneficiary.  (b) If no designated person survives the retirant, the difference, if any, shall be paid in accordance with the laws of descent and distribution of the State of Arkansas.  (c) The payments may be made directly to a curator, guardian, administrator, or executor authorized to receive the payments with or without the appointment of a representative in this state.  (d) No benefits will be paid under this section if survivor benefits are otherwise payable to a named beneficiary.
AR Code § 24-4-1107 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 4 - Arkansas Public Employees' Retirement System|Subchapter 11 - Contributions of Members to their Deposit Accounts|§ 24-4-1107. Redetermination of benefits

 (a) Each July 1 the Arkansas Public Employees' Retirement System shall redetermine the amount of each monthly benefit that has been payable by the system for at least twelve (12) calendar months. The redetermined amount is payable for the following twelve (12) calendar months.  (b) The redetermined amount is the amount of the benefit payable as of the immediately preceding July 1 increased by three percent (3%).
AR Code § 24-4-1108 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 4 - Arkansas Public Employees' Retirement System|Subchapter 11 - Contributions of Members to their Deposit Accounts|§ 24-4-1108. Benefit provisions — Death in service

 (a)  (1) If an active member or former member with less than five (5) years of actual service dies while employed by a covered employer, the member's accumulated contributions and interest are refundable to the named beneficiary.  (2) If no designated person survives the member, the accumulated contributions will be paid in accordance with the laws of descent and distribution of the State of Arkansas.  (3) The payments may be made directly to a curator, guardian, administrator, or executor authorized to receive the payments with or without the appointment of a representative in this state.    (b) If an active member or former member with five (5) or more years of actual service dies before retirement, the benefits under this section will be paid upon written application to the Board of Trustees of the Arkansas Public Employees' Retirement System as provided in § 24-4-608.
AR Code § 24-4-1109 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 4 - Arkansas Public Employees' Retirement System|Subchapter 11 - Contributions of Members to their Deposit Accounts|§ 24-4-1109. Maximum benefit limitation

 (a) Benefits paid under this chapter shall not exceed the limitations of section 415 of the Internal Revenue Code that are applicable to governmental retirement plans.  (b)  (1) The Board of Trustees of the Arkansas Public Employees' Retirement System is authorized to promulgate all rules necessary to implement the limitations of section 415 of the Internal Revenue Code.  (2) The rules adopted by the board under this section shall be amended to reflect any changes in the content or application of section 415 of the Internal Revenue Code enacted by Congress or promulgated by the Internal Revenue Service.
AR Code § 24-5-102 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 5 - Arkansas State Highway Employees' Retirement|Subchapter 1 - General Provisions|§ 24-5-102. Penalty

 Any person who knowingly makes any false statement or who falsifies any record or records in an attempt to defraud the Arkansas State Highway Employees' Retirement System as a result of such an act shall be guilty of a Class A misdemeanor.
AR Code § 24-5-103 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 5 - Arkansas State Highway Employees' Retirement|Subchapter 1 - General Provisions|§ 24-5-103. Establishment of system

 There is created and established a retirement system for employees of the Arkansas Department of Transportation to be known as the “Arkansas State Highway Employees' Retirement System”, all the business of which shall be transacted through a board of trustees as provided for in this chapter.
AR Code § 24-5-105 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 5 - Arkansas State Highway Employees' Retirement|Subchapter 1 - General Provisions|§ 24-5-105. Cost of administration — Payment of benefits and adjustment of errors

 (a) The cost of administering the plan shall be borne by the Arkansas Department of Transportation, except that the Arkansas State Highway Employees' Retirement System shall pay the expenses incurred for the actuary, the consultant for investments, fees for the members of the medical board of the system, expenses associated with automating the accounting needs of the system, and forms purchased from vendors and identified by letterhead printing as those of the system.  (b)  (1) The Treasurer of State shall pay retirement benefits, as defined in this chapter, to retirants only on vouchers signed by the Executive Secretary of the Board of Trustees of the Arkansas State Highway Employees' Retirement System, or other authorized person, and on warrants or checks issued by the Auditor of State or other designated officer of the state.  (2)  (A) The designated disbursing officers for the system are authorized to complete and sign one (1) certification for each state voucher or other designated document that authorizes the Auditor of State, or other official, to draw a state warrant or check on a fund administered by the system.  (B)  (i) The voucher or other authorizing document can consist of one (1) or more pages.  (ii) In the event that more than one (1) page is used, then the designated disbursing officer is to manually sign the last page only, and any certification is to be so worded that it will apply to all pages of the document.        (c)  (1) Should any change or error in the records of the system result in any member's receiving more or less than he or she would have been entitled to receive had the records been correct, the Board of Trustees of the Arkansas State Highway Employees' Retirement System, upon discovery of the error and so far as is practicable, shall adjust the payments in such a manner that the benefit to which the member was justly entitled shall be paid.  (2) In the event that an overpayment is made to anyone, every legal effort shall be made to recover the overpayment.