reglab/housing_qa huggingface dataset:
AR Code § 24-6-226 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 2 - State Police Retirement System|§ 24-6-226. Eligibility for benefits — Voluntary retirement for Tier I noncontributory members

 (a)  (1) Any member who has acquired five (5) years but less than thirty (30) years of actual service and has attained age sixty-five (65) may retire upon written application filed with the Board of Trustees of the State Police Retirement System.  (2) Any member who has acquired five (5) or more years of actual service and has attained age fifty-two (52) may retire upon written application filed with the State Police Retirement System.  (3) Any member who acquired thirty (30) or more years of actual service may retire at any age upon written application filed with the board.  (4) For those members with less than thirty (30) actual years of service, the age sixty-five (65) requirement shall be reduced by one (1) month for every two (2) months of public safety credit, but in no event to an age younger than fifty-two (52).    (b) This application shall set forth at what time, not less than thirty (30) days nor more than ninety (90) days subsequent to the execution and filing thereof, the member desires to be retired.  (c) Upon the member's retirement, he or she shall receive a pension provided for in § 24-6-216.
AR Code § 24-6-227 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 2 - State Police Retirement System|§ 24-6-227. Benefits generally — Tier I noncontributory member

 (a)  (1) Upon retirement as provided in this subchapter, a member shall receive a straight life pension equal to one and fifty-five-hundredths percent (1.55%) of his or her final average compensation multiplied by the number of years and any fraction of a year of his or her credited service.  (2)  (A) In addition, if a member has service resulting from employment in a position covered at any time by Social Security or another federal retirement plan supported wholly or in part by employer contributions, and if that member's age at retirement is younger than:  (i) Social Security's minimum age for an immediate retirement benefit; and  (ii) Age sixty-two (62),    (B) The temporary annuity shall terminate at the end of the calendar month in which the earliest of the following events occurs:  (i) The member's death;  (ii) The member's attainment of the Social Security minimum age for an immediate monthly benefit; or  (iii) The member's attainment of age sixty-two (62).        (b) In the event a member with five (5) years or more of actual service in the State Police Retirement System ceases to be employed as a state police officer prior to reaching the required age for voluntary retirement and does not withdraw his or her accumulated employee contributions to the system, the member shall be entitled to receive a pension upon reaching what his or her voluntary retirement age would have been if he or she had continued state police employment from time of termination of employment.  (c) Any member may elect to withdraw his or her accumulated contributions to the system at the time of terminating employment as a state police officer and to waive any pension rights the member may have earned in the system.  (d) It is considered sound public policy that retirement pay not exceed working pay except for increases after retirement caused by inflation. Accordingly, at the time of retirement, the total of the system annuity shall not exceed the member's final average compensation.    then the member shall receive a temporary annuity equal to three hundred and twenty-two-thousandths of one percent (0.322%) of the member's final average compensation for each year of his or her credited service.
AR Code § 24-6-301 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 3 - Deferred Option Plan|§ 24-6-301. Election to participate

 In lieu of terminating employment and accepting a service retirement pension, any state police officer who is a member of Tier I of the State Police Retirement System who has not less than thirty (30) years of credited service and who is eligible to receive a service retirement pension may elect to participate in the Arkansas State Police Officers Deferred Option Plan and defer the receipt of benefits in accordance with the provisions of this subchapter, provided the Board of Trustees of the State Police Retirement System approves the participation in the plan.
AR Code § 24-6-302 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 3 - Deferred Option Plan|§ 24-6-302. Credited service

 For purposes of this subchapter, credited service shall include service credit recognized pursuant to § 24-6-201(13).
AR Code § 24-6-303 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 3 - Deferred Option Plan|§ 24-6-303. Contributions

 (a) When a member begins participation in the Arkansas State Police Officers Deferred Option Plan, the employer contributions shall continue to be paid.  (b) State contributions for employees who elect the plan shall be credited to the State Police Retirement System.  (c) The monthly retirement benefits that would have been payable had the member elected to cease employment and receive a service retirement shall be paid into the Arkansas State Police Officers Deferred Option Plan Account.
AR Code § 24-6-304 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 3 - Deferred Option Plan|§ 24-6-304. Benefits — Rate of return

 (a) The member's monthly retirement benefit shall not change unless the Arkansas State Police Officers Deferred Option Plan receives a benefit increase.  (b)  (1) A member who participates in the plan shall earn interest at a rate set by the Board of Trustees of the State Police Retirement System that shall not be greater than the actuarially assumed investment rate of return for that time.  (2) The interest shall be credited to the individual account balance of the member on an annual basis.
AR Code § 24-6-305 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 3 - Deferred Option Plan|§ 24-6-305. Method of collection

 A participant in the Arkansas State Police Officers Deferred Option Plan shall receive, at the option of the participant, a lump-sum payment from the account equal to the payments to the account, or a true annuity based upon the account of the participant, or may elect any other method of payment if approved by the Board of Trustees of the State Police Retirement System.
AR Code § 24-6-306 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 3 - Deferred Option Plan|§ 24-6-306. Duration

 (a) The duration of participation in the Arkansas State Police Officers Deferred Option Plan for active state police officers shall not exceed seven (7) years.  (b) At the conclusion of a member's participation in the plan, the member shall terminate employment with the Department of Arkansas State Police and shall start receiving the member's accrued monthly retirement benefit from the State Police Retirement System.
AR Code § 24-6-307 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 3 - Deferred Option Plan|§ 24-6-307. Death of participant

 If the participant dies during the period of participation in the Arkansas State Police Officers Deferred Option Plan, a lump-sum payment equal to the account balance of the participant shall be paid to the participant's survivor.
AR Code § 24-6-401 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 4 - Tier Two Benefit Plan|§ 24-6-401. Creation of Tier Two Benefit Plan

 A Tier Two Benefit Plan for the State Police Retirement System is created and established in conformance with this subchapter.
AR Code § 24-6-402 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 4 - Tier Two Benefit Plan|§ 24-6-402. Membership

 (a) All state police officers first hired on or after April 3, 1997, shall be covered by the benefit provision of this subchapter.  (b)  (1) All state police officers who were hired prior to April 3, 1997, and who are active members of the State Police Retirement System on April 3, 1997, shall have twelve (12) months from April 3, 1997, to elect coverage under the benefit provisions of this subchapter, provided the person must be an active member on the date of the election.  (2) The election shall be made as directed by the Board of Trustees of the State Police Retirement System and shall be irrevocable.
AR Code § 24-6-404 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 4 - Tier Two Benefit Plan|§ 24-6-404. Eligibility for benefits — Voluntary retirement

 (a)  (1) Any member who has acquired five (5) years but less than thirty (30) years of credited service and has attained age sixty-five (65) may retire upon his or her written application filed with the Board of Trustees of the State Police Retirement System.  (2) Any member who has acquired thirty (30) or more years of credited service may retire at any age upon his or her written application filed with the board.  (3) For those members with less than thirty (30) credited years of service, the age sixty-five requirement shall be reduced by seventy-five hundredths (0.75) of a month for each credited month of service, but in no event to an age younger than fifty-five (55).    (b) This application shall set forth at what time, not less than thirty (30) days nor more than ninety (90) days subsequent to the execution and filing thereof, the member desires to be retired.  (c) Upon the member's retirement, he or she shall receive a pension provided for in § 24-6-406.
AR Code § 24-6-406 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 4 - Tier Two Benefit Plan|§ 24-6-406. Benefits generally

 (a)  (1) Upon retirement as provided in this subchapter, a member shall receive a straight life pension equal to two and four hundred seventy-five thousandths percent (2.475%) of the member's final average compensation multiplied by the number of years and any fraction of a year of his or her service.  (2)  (A) In addition, if a member has service resulting from employment in a position covered at any time by Social Security or another federal retirement plan supported wholly or in part by employer contributions, and if that member's age at retirement is younger than:  (i) Social Security's minimum age for an immediate retirement benefit; and  (ii) Age sixty-two (62),    (B) The temporary annuity shall terminate at the end of the calendar month in which the earliest of the following events occurs:  (i) The member's death;  (ii) The member's attainment of the Social Security minimum age; or  (iii) The member's attainment of age sixty-two (62).        (b) In the event a member with five (5) years or more of actual service in the State Police Retirement System ceases to be employed as a state police officer prior to reaching fifty-five (55) years of age and does not withdraw his or her accumulated employee contributions to the system, the member shall be entitled to receive a pension upon reaching what the member's voluntary retirement age would have been if he or she had continued state police employment from the time of termination of employment.  (c) Any member may elect to withdraw his or her accumulated contributions to the system at the time of terminating employment as a state police officer and to waive any pension rights the member may have earned in the system.  (d) It is considered sound public policy that retirement pay not exceed working pay except for increases after retirement caused by inflation. Accordingly, at the time of retirement, the total of named-plan annuities shall not exceed the member's final average compensation.  (e) No provision of this section shall be applicable to service that is credited at a rate other than one (1) month for each month of employment.    then the member shall receive a temporary annuity equal to five hundred thirteen thousandths percent (0.513%) of the member's final average compensation for each year of his or her actual service.
AR Code § 24-6-407 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 4 - Tier Two Benefit Plan|§ 24-6-407. Benefits — Death of retirant

 (a) In the event a retirant who is in receipt of a straight life pension dies before he or she has received in straight life pension payments an aggregate amount equal to his or her accumulated contributions standing to his or her credit in the members' deposit account at the time of his or her retirement, then the difference between his or her accumulated contributions and the aggregate amount of straight life pension payments received by him or her shall be paid to such persons as he or she shall have nominated by written designation duly executed and filed with the Board of Trustees of the State Police Retirement System.  (b) If there is no designated person surviving 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 such payments, wherever the representative may be, with or without the appointment of a representative in this state.  (d) In no case shall any benefits be paid under this section on account of the death of a retirant if any pensions become payable from funds of the State Police Retirement System on account of his or her death.
AR Code § 24-6-409 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 4 - Tier Two Benefit Plan|§ 24-6-409. Redetermination of benefits

 (a) Each July 1 the State Police Retirement System shall redetermine the amount of each monthly benefit which has been payable by the system for at least twelve (12) full calendar months. The redetermined amount shall be payable for the following twelve (12) calendar months.  (b) Subject to the maximum stated in subsection (c) of this section, the redetermined amount shall be the amount of the benefit payable as of the immediately preceding July 1 increased by three percent (3%).  (c) In no event shall the redetermined amount be more than the amount of the benefit payable as of the immediately preceding July 1 multiplied by the following fraction:  (1) The numerator shall be the average of the consumer price index for the twelve (12) calendar months in the calendar year immediately preceding July 1, but in no event an amount less than the denominator; and  (2) The denominator shall be the average of the consumer price index for the twelve (12) calendar months in the second calendar year preceding the redetermination date.    (d)  (1) As used in this section, “consumer price index” means the Consumer Price Index for All Urban Consumers, as determined by the United States Department of Labor and in effect January 1, 1987.  (2) However, should the consumer price index be restructured subsequent to 1988 in a manner materially changing its character, the Board of Trustees of the State Police Retirement System, after receiving the advice of the actuary, shall change the application of the consumer price index so that, as far as is practicable, the 1986 intent of the use of the consumer price index shall be continued.
AR Code § 24-6-410 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 4 - Tier Two Benefit Plan|§ 24-6-410. Benefit provisions — Early retirement

 (a)  (1) Any member or former member with sufficient years of service to qualify for a vested termination annuity who has not attained his or her voluntary retirement age as provided in § 24-6-404 may retire with an early annuity provided for in subsection (b) of this section upon his or her written application to the Board of Trustees of the State Police Retirement System setting forth at what time, not less than thirty (30) days nor more than ninety (90) days subsequent to the execution and filing of his or her application, he or she desires to be retired.  (2) The member or former member eligible for a vested termination annuity must have at least five (5) years of actual service and be within ten (10) years of voluntary retirement age.    (b) Upon early retirement, a member shall receive a certain percentage of an annuity for life provided for in § 24-6-406, which percentage shall be one hundred percent (100%) reduced by one-half percent (0.5%) multiplied by the number of months by which his or her age at early retirement is younger than his or her voluntary retirement age, using what his or her voluntary retirement age would have been if he or she had continued state police employment from the time of early retirement.
AR Code § 24-6-412 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 4 - Tier Two Benefit Plan|§ 24-6-412. Refund of contributions

 (a)  (1) In the event a member leaves the employ of the Division of Arkansas State Police prior to the date he or she becomes entitled to retire with a pension payable from the funds of the State Police Retirement System, he or she shall be paid, upon his or her written application filed with the Board of Trustees of the State Police Retirement System, the accumulated contributions standing to his or her credit in the member's deposit account if his or her separation from the employ of the division occurs after five (5) years from the date he or she last became a member of the system.  (2) If his or her separation from the employ of the division occurs within a period of five (5) years from and after the date he or she last became a member of the system, he or she shall be paid upon his or her written application filed with the board his or her accumulated contributions standing to his or her credit in the members' deposit account less the total interest credited to his or her individual account therein.    (b)  (1) In the event a member dies and does not leave a beneficiary entitled to a pension payable from funds of the system, his or her accumulated contributions standing to his or her credit in the members' deposit account at the time of his or her death shall be paid to such persons as he or she shall have nominated by written designation duly executed and filed with the board.  (2) If there is no designated person surviving the member, his or her accumulated contributions shall 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 such payments wherever the representative may be with or without the appointment of a representative in this state.    (c) Refunds of a member's contributions or accumulated contributions, as the case may be, may be made in equal installments according to the rules that the board may adopt from time to time.
AR Code § 24-6-413 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 4 - Tier Two Benefit Plan|§ 24-6-413. 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 this subchapter, 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 § 24-6-414 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 4 - Tier Two Benefit Plan|§ 24-6-414. Maximum benefit limitation

 (a) Notwithstanding any other provisions of this chapter, benefits paid under the provisions of this chapter shall not exceed the limitations of the Internal Revenue Code, 26 U.S.C. § 415 that are applicable to governmental retirement plans.  (b)  (1) The Board of Trustees of the State Police Retirement System is hereby empowered and authorized to promulgate all necessary rules to implement the limitations of the Internal Revenue Code, 26 U.S.C. § 415.  (2) The rules adopted by the board pursuant to this section shall be amended to reflect any changes in the content or application of the Internal Revenue Code, 26 U.S.C. § 415 enacted by the United States Congress or promulgated by the Internal Revenue Service.
AR Code § 24-6-415 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 4 - Tier Two Benefit Plan|§ 24-6-415. Exclusion from plan

 Members of the State Police Retirement System participating in the benefit program provided by this subchapter shall not be eligible for participation in the Arkansas State Police Officers' Deferred Option Plan provided in § 24-6-301 et seq.
AR Code § 24-6-501 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 5 - Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan|§ 24-6-501. Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan — Creation

 The Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan is created in conformance with this subchapter.
AR Code § 24-6-502 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 5 - Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan|§ 24-6-502. Election to participate in Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan

 In lieu of terminating employment and accepting a service retirement pension, a state police officer may elect to participate in the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan and defer the receipt of benefits in accordance with this subchapter if:   (1) The state police officer:  (A) Is a member of the State Police Retirement System's Tier Two Benefit Plan under § 24-6-401 et seq.;  (B) Has at least thirty (30) years of actual service as a member of the State Police Retirement System's Tier Two Benefit Plan under § 24-6-401 et seq.; and  (C) Is eligible to receive a service retirement pension; and    (2) The Board of Trustees of the State Police Retirement System approves the participation in the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan.
AR Code § 24-6-503 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 5 - Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan|§ 24-6-503. Limitation on credited service — Definition

 For purposes of this subchapter, “actual service” includes:   (1) The service credit a member earns after April 3, 1997, as a member of the State Police Retirement System's Tier Two Benefit Plan under § 24-6-401 et seq.; and  (2) The member's service credit from any reciprocal retirement system under § 24-2-401.