AR Code § 24-4-519 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 4 - Arkansas Public Employees' Retirement System|Subchapter 5 - Credited Service and Eligibility for Benefits|§ 24-4-519. Current service credit — Nonuniformed employees

 (a)  (1)  (A) A person who on December 31, 1998, was a nonuniformed employee of a municipality that participates in the Arkansas Public Employees' Retirement System or a former nonuniformed employee of a municipality that participates in the Arkansas Public Employees' Retirement System who was an active member of the system on December 31, 1998, may waive all rights to receive benefits under § 24-12-101 et seq. and apply for and receive current service credit in the Arkansas Public Employees' Retirement System for service rendered as a paid nonuniformed employee of the municipality.  (B) A former nonuniformed employee of a municipality or municipalities who had at least six (6) years of service as a nonuniformed employee, ten (10) years of service as a member of the Arkansas Public Employees' Retirement System or a reciprocal system as defined by § 24-2-401, and is in a position of policy-making authority for a state agency may waive all rights to receive benefits for the service under any retirement plan and apply for and receive current service credit in the Arkansas Public Employees' Retirement System for service rendered as a paid nonuniformed employee of the municipality or municipalities.  (C) A former nonuniformed employee whose employment was with a municipality not participating in the Arkansas Public Employees' Retirement System, whose employment accrued before January 1, 1970, and who was an active member of the Arkansas Public Employees' Retirement System or a reciprocal system as defined by § 24-2-401 on December 31, 1998, may waive all rights to receive benefits under § 24-12-101 et seq., and apply for and receive current service credit in the Arkansas Public Employees' Retirement System for service rendered as a paid nonuniformed employee of the municipality.    (2) The waiver must be filed with the Arkansas Public Employees' Retirement System and with the governing body of the municipality.    (b) The current or former paid nonuniformed employee shall receive credit only if the employee or the municipality 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 the employee 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 Arkansas Public Employees' Retirement System.    (c) The employer's contributions and employees' contributions, if applicable, shall be transmitted to the Arkansas Public Employees' Retirement 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 governing body of the municipality may pay the employer contributions and employee contributions, if applicable, on behalf of the employee for services rendered.  (e) “Paid nonuniformed employees” has the same meaning as provided by § 24-12-101.