reglab/housing_qa huggingface dataset:
AR Code § 24-6-504 (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|§ 24-6-504. Employer contributions

 When an employee who is a member of the State Police Retirement System's Tier Two Benefit Plan begins participation in the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan:   (1) The employer contributions shall continue to be paid;  (2) State contributions for the employee shall be credited to the State Police Retirement System; and  (3) Seventy-two percent (72%) of the monthly retirement benefits that would have been payable had the employee elected to cease employment and receive a service retirement shall be paid into the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan account.
AR Code § 24-6-505 (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|§ 24-6-505. Benefits — Rate of return

 A participant in the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan:   (1) Shall not have a change in his or her monthly retirement benefit unless the plan receives a benefit increase; and  (2)  (A) Shall earn interest at a rate set by the Board of Trustees of the State Police Retirement System that shall not be greater than five percent (5%) nor less than one percent (1%) per annum as determined by the board from time to time as promulgated by rule.  (B) The interest shall be credited to the individual plan account balance of the participant on an annual basis.
AR Code § 24-6-506 (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|§ 24-6-506. Method of collection

 A participant in the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan shall receive, at the option of the participant:   (1) A lump-sum payment from the plan account equal to the payments to the plan account;  (2) A true annuity based upon the plan account of the participant; or  (3) Any other method of payment if approved by the Board of Trustees of the State Police Retirement System.
AR Code § 24-6-507 (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|§ 24-6-507. Duration

 (a) The duration of participation in the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan for an active state police officer shall not exceed seven (7) years.  (b) At the conclusion of a state police officer's participation in the plan, the state police officer shall:  (1) Terminate employment with the Department of Arkansas State Police; and  (2) Start receiving his or her accrued monthly retirement benefit from the State Police Retirement System.
AR Code § 24-6-508 (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|§ 24-6-508. Death of participant

 If a participant in the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan dies during the period of participation in the plan, a lump-sum payment equal to the plan account balance of the participant shall be paid to the participant's designated beneficiary.
AR Code § 24-7-101 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 7 - Retirement of Employees of Schools and Educational Institutions|Subchapter 1 - General Provisions|§ 24-7-101. Special allowances to encourage early retirement

 (a) In order to effect a net savings in personnel costs paid by colleges and universities, the presidents and chancellors of the various publicly supported colleges and universities may, upon the approval of their respective boards of trustees, negotiate with tenured faculty members of their institutions so that, in order to secure the faculty members' early retirement, special allowances may be paid to them or into retirement plans for their benefit.  (b) The board of trustees of each institution is authorized to pay such allowances as the board may approve from any appropriation provided for regular salaries for the benefit of its institution and from any source of funds available to its institution.  (c) The amount of all such allowances for any institution shall not exceed, in the aggregate during any fiscal year, an amount equal to one percent (1%) of the aggregate paid for personnel costs during the preceding fiscal year for the institution.  (d) The board of trustees of each institution shall report the exact disposition of the special allowances to the Legislative Joint Auditing Committee each year.
AR Code § 24-7-102 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 7 - Retirement of Employees of Schools and Educational Institutions|Subchapter 1 - General Provisions|§ 24-7-102. Management of early retirement window incentives

 (a) The purpose of this section is to create incentives for the efficient management of the public higher education resources of the State of Arkansas by allowing public higher education institutions to establish early retirement window incentives for qualified nontenured faculty and staff who elect voluntary separation from the institution.  (b) The boards of trustees of the publicly supported institutions of higher education may provide special allowances for nontenured faculty and staff to effect a saving in personnel salaries and fringe benefits costs when it is determined by the boards that such saving will provide for more efficient operation of the institutions.  (c)  (1) The boards of trustees shall approve criteria to determine qualifications to be met by the institutions and the employee.  (2) Such qualifications shall include, but are not limited to:  (A) Assurance that participation is strictly voluntary for employees;  (B) Only full-time employees who are at least fifty-five (55) years of age or meet the retirement requirements for the Civil Service Retirement System; and  (C) A savings in personnel cost will be realized by the institution.      (d) The amount of all such allowances for any institution shall not exceed, in the aggregate during any fiscal year, an amount equal to one percent (1%) of the aggregate paid for personnel costs during the preceding fiscal year for the institution.  (e) The boards of trustees are authorized to pay such allowances from any appropriation provided for regular salaries for the benefit of their institutions and from any sources of funds available to the institutions.  (f) The board of trustees of each institution shall report the exact disposition of the special allowance to the Legislative Joint Auditing Committee by July 1 of each year.
AR Code § 24-7-103 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 7 - Retirement of Employees of Schools and Educational Institutions|Subchapter 1 - General Provisions|§ 24-7-103. Payment of employer contribution rate

 Local school districts shall pay the teacher retirement employer contribution rate for any eligible employee in accordance with rules established by the Board of Trustees of the Arkansas Teacher Retirement System.
AR Code § 24-7-104 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 7 - Retirement of Employees of Schools and Educational Institutions|Subchapter 1 - General Provisions|§ 24-7-104. Employer early retirement incentives

 An employer's offer to encourage an employee to terminate his or her employment with the employer shall not include a requirement that the employee file an application for retirement with the Arkansas Teacher Retirement System.
AR Code § 24-7-105 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 7 - Retirement of Employees of Schools and Educational Institutions|Subchapter 1 - General Provisions|§ 24-7-105. Socially responsible investments

 A decision on whether to invest, not invest, or withdraw from investment the funds of the Arkansas Teacher Retirement System or an alternate retirement plan of the system shall not be based on a consideration that the location of the investment, fund, company, or any other type of investment vehicle is in the State of Israel.
AR Code § 24-7-201 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 7 - Retirement of Employees of Schools and Educational Institutions|Subchapter 2 - Arkansas Teacher Retirement System — General Provisions|§ 24-7-201. Title

 This act, which establishes the Arkansas Teacher Retirement System, may be cited as the “Arkansas Teacher Retirement System Act”.
AR Code § 24-7-203 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 7 - Retirement of Employees of Schools and Educational Institutions|Subchapter 2 - Arkansas Teacher Retirement System — General Provisions|§ 24-7-203. Penalty

 Any person who knowingly makes any false statement or who falsifies or permits to be falsified any record or records in an attempt to defraud the Arkansas Teacher Retirement System shall be guilty of a Class A misdemeanor and upon conviction shall be punished as provided by law.
AR Code § 24-7-204 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 7 - Retirement of Employees of Schools and Educational Institutions|Subchapter 2 - Arkansas Teacher Retirement System — General Provisions|§ 24-7-204. Tax status of system assets

 The assets of the Arkansas Teacher Retirement System are exempt from taxes by the state, any political subdivision, or an agency thereof.
AR Code § 24-7-206 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 7 - Retirement of Employees of Schools and Educational Institutions|Subchapter 2 - Arkansas Teacher Retirement System — General Provisions|§ 24-7-206. Withholding association membership dues

 (a)  (1) Upon receipt of a written request signed by a retiree who is receiving an annuity from the Arkansas Teacher Retirement System, the retirement system shall withhold membership dues of the Arkansas Education Association - Retired, the National Education Association - Retired, and the Arkansas Retired Teachers' Association from the monthly annuity checks of the retiree.  (2) The withholding request authorized by this section shall be on forms provided to retirees by the system.    (b) After a withholding request is received by the system and after withholding of a retiree's dues is started under the provisions of subsection (a) of this section, it shall be discontinued only upon receipt of a written notice of cancellation signed by the retiree.  (c) The system shall transmit all dues which are withheld under the provisions of this section to the Arkansas Education Association - Retired, the National Education Association - Retired, and the Arkansas Retired Teachers' Association after each monthly payroll is made to retirees.
AR Code § 24-7-207 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 7 - Retirement of Employees of Schools and Educational Institutions|Subchapter 2 - Arkansas Teacher Retirement System — General Provisions|§ 24-7-207. Increase in benefit amount

 (a) The Board of Trustees of the Arkansas Teacher Retirement System is authorized by this act to raise the level of benefits to the current retirants and other beneficiaries of the Arkansas Teacher Retirement System to a comparable level increase to match the increase in benefits that would accrue to active members as a result of any reduction of the calculation of “final average salary” to not less than a three-year period nor more than the five-year period in accordance with any rules the board might promulgate.  (b) The amount of any increase for retirants and other beneficiaries shall also be determined in accordance with the rules of the board as is actuarially appropriate for the system.
AR Code § 24-7-208 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 7 - Retirement of Employees of Schools and Educational Institutions|Subchapter 2 - Arkansas Teacher Retirement System — General Provisions|§ 24-7-208. Benefit enhancements — Restrictions

 (a) No benefit enhancement provided for by this act shall be implemented if it would cause the publicly supported retirement system's unfunded actuarial accrued liabilities to exceed an eighteen-year amortization.  (b) No benefit enhancement provided for by this act shall be implemented by any publicly supported system which has unfunded actuarial accrued liabilities being amortized over a period exceeding eighteen (18) years until the unfunded actuarial accrued liability is reduced to a level less than the standards prescribed by § 24-1-101 et seq.
AR Code § 24-7-209 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 7 - Retirement of Employees of Schools and Educational Institutions|Subchapter 2 - Arkansas Teacher Retirement System — General Provisions|§ 24-7-209. Suspension of benefit payments upon request

 (a) Subject to the minimum distribution provisions of § 24-7-730, a person entitled to receive an annuity may submit a request to the system in writing, for personal reasons and without disclosure thereof, to suspend the payment of all the benefit otherwise payable to him or her by the system.  (b) Upon receipt of the request, the system shall authorize the suspension, and the person shall be deemed to have forfeited all rights to the benefit so suspended but shall have the right to have the full benefit otherwise payable reinstated as to future monthly payment upon written notice to the system to revoke the prior request for suspension under this section.
AR Code § 24-7-210 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 7 - Retirement of Employees of Schools and Educational Institutions|Subchapter 2 - Arkansas Teacher Retirement System — General Provisions|§ 24-7-210. Federal taxation

 (a) The Executive Director of the Arkansas Teacher Retirement System is authorized and directed to operate the Arkansas Teacher Retirement System and interpret any provisions of § 24-7-101 et seq. consistent with the requirements under the Internal Revenue Code and applicable United States Department of the Treasury regulations necessary to permit the system to be operated as a “qualified trust” under Internal Revenue Code, 26 U.S.C. § 401(a).  (b) Notwithstanding any language to the contrary set forth in this chapter, the Board of Trustees of the Arkansas Teacher Retirement System shall have the authority to promulgate rules consistent with these directions.  (c) Any rule promulgated under this section that is found to be in conflict with an applicable provision of the code is null and void.
AR Code § 24-7-211 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 7 - Retirement of Employees of Schools and Educational Institutions|Subchapter 2 - Arkansas Teacher Retirement System — General Provisions|§ 24-7-211. Appeals

 A benefit participant or employer may appeal a final administrative decision of the Board of Trustees of the Arkansas Teacher Retirement System by filing a complaint in the Pulaski County Circuit Court.
AR Code § 24-7-301 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 7 - Retirement of Employees of Schools and Educational Institutions|Subchapter 3 - Arkansas Teacher Retirement System — Board of Trustees|§ 24-7-301. Board of trustees — Members

 The general administration and responsibility for the proper operation of the Arkansas Teacher Retirement System and for making effective the provisions of this act are vested in a board of trustees of fifteen (15) persons as follows:   (1) The Bank Commissioner, the Treasurer of State, the Auditor of State, and the Commissioner of Elementary and Secondary Education shall be ex officio trustees;  (2)  (A) Seven (7) members shall be elected active member trustees, each of whom shall have at least five (5) years of actual service in force and be an active member. For the purpose of this section and § 24-7-302, participants in the Teacher Deferred Retirement Option Plan shall be considered active members.  (B) Four (4) active member trustees shall be employed in a position that requires state licensure, but not an administrator's license. One (1) member trustee will be elected from each of the four (4) congressional districts. The four (4) member trustees shall be elected by the members employed in positions that require state licensure, but not an administrator's license.  (C)  (i) Two (2) active member trustees shall be employed in a position requiring an administrator's license, one (1) of whom shall be an administrator.  (ii) These two (2) active member trustees shall be elected by members employed in positions requiring an administrator's license.    (D) One (1) active member trustee shall be employed in a position not requiring state licensure. This member trustee shall be elected by members employed in positions not requiring state licensure;    (3) One (1) trustee shall be a minority, as defined under § 1-2-503, who:  (A) Is an active or retired member of the system;  (B) Is elected from the active and retired membership of the system; and  (C) Has at least five (5) years of actual service;    (4)  (A) Three (3) retirants shall be elected retirant trustees by the retirees of the system.  (B) Each retirant trustee shall be a retirant with an annuity being paid by the system at the beginning of his or her term of office;    (5) The member and retirant trustees shall be elected in accordance with rules as have been adopted by the board to govern the elections; and  (6) An employee working for the system is not eligible to be:  (A) Elected or appointed to the board; or  (B) A candidate to be elected or appointed to the board.
AR Code § 24-7-302 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 7 - Retirement of Employees of Schools and Educational Institutions|Subchapter 3 - Arkansas Teacher Retirement System — Board of Trustees|§ 24-7-302. Term of office and vacancies

 (a)  (1) The term of office of each member-elected trustee shall be six (6) years.  (2)  (A)  (i) An active member trustee shall be ineligible to serve after becoming inactive, retiring, or ceasing to be employed by an Arkansas Teacher Retirement System employer.  (ii) A member trustee who participates in the Teacher Deferred Retirement Option Plan is considered active for purposes of this subsection.    (B) A retirant trustee is ineligible to serve after becoming active.      (b)  (1)  (A) If any member trustee fails to attend three (3) consecutive regular meetings of the Board of Trustees of the Arkansas Teacher Retirement System, unless in each case excused for cause by the remaining trustees attending the meetings, the member trustee shall be considered to have resigned from the board, and the board shall by resolution declare his or her office of trustee vacated.  (B) A regular meeting of the board shall include one (1) or more days of official business to be considered by the board.    (2) If a vacancy occurs in the office of an elected trustee, the board by majority vote may fill the vacancy by:  (A) A special election; or  (B) Appointment of a trustee until the next system election.      (c) The board shall adopt its own rules pertaining to attendance and vacancies as provided in subsection (b) of this section.
AR Code § 24-7-304 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 7 - Retirement of Employees of Schools and Educational Institutions|Subchapter 3 - Arkansas Teacher Retirement System — Board of Trustees|§ 24-7-304. Meetings

 (a) The Board of Trustees of the Arkansas Teacher Retirement System shall hold regular meetings at least quarterly.  (b) Eight (8) trustees constitute a quorum at any meeting of the board.  (c) Each trustee shall be entitled to one (1) vote on each question before the board, and at least eight (8) concurring votes shall be required for a decision by the board at any meeting.  (d) The board shall adopt its own rules of procedure and shall keep a record of its proceedings.  (e) All meetings of the board shall be public.
AR Code § 24-7-402 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 7 - Retirement of Employees of Schools and Educational Institutions|Subchapter 4 - Arkansas Teacher Retirement System — Funds and Management of Assets|§ 24-7-402. Assets as trust fund — Custodian

 (a) All assets of the Arkansas Teacher Retirement System shall constitute a single trust fund, and the Board of Trustees of the Arkansas Teacher Retirement System shall be the trustees of the fund.  (b)  (1) The custodian of system assets shall be the Treasurer of State or other financial institutions or depositories as allowed under this subchapter.  (2) When acting as custodian of system assets, the Treasurer of State shall act in accordance with the instructions of the board.
AR Code § 24-7-403 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 7 - Retirement of Employees of Schools and Educational Institutions|Subchapter 4 - Arkansas Teacher Retirement System — Funds and Management of Assets|§ 24-7-403. Restrictions on use of assets

 (a) All assets of the Arkansas Teacher Retirement System shall be held for the sole purpose of paying benefits and making disbursements in accordance with the provisions of this act and shall be used for no other purpose whatsoever, unless the assets are used to purchase or construct a building to be used for the permanent offices of the system upon approval of the Board of Trustees of the Arkansas Teacher Retirement System.  (b) Except as to the rights of a member, retirant, or beneficiary, no trustee and no officer or employee of the board shall have any interest, direct or indirect, in the gains or profits of any investment made by the board. Nor shall any of them, directly or indirectly, for himself or herself or as an agent, in any manner use the assets of the system except to make such current and necessary payments as are authorized by the board; nor shall any of them become an endorser or surety or become in any manner an obligor for moneys loaned by or borrowed from the board.
AR Code § 24-7-404 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 7 - Retirement of Employees of Schools and Educational Institutions|Subchapter 4 - Arkansas Teacher Retirement System — Funds and Management of Assets|§ 24-7-404. Default where issuer receives money from State of Arkansas

 In the event of default in payment of the principal or interest of any investment obligation held by the Arkansas Teacher Retirement System where the issuer of the obligation receives moneys from the State of Arkansas, the default shall be certified by the Board of Trustees of the Arkansas Teacher Retirement System to the Treasurer of State, who shall withhold all moneys due the issuer from the State of Arkansas until the default, together with interest thereon, is satisfied.
AR Code § 24-7-405 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 7 - Retirement of Employees of Schools and Educational Institutions|Subchapter 4 - Arkansas Teacher Retirement System — Funds and Management of Assets|§ 24-7-405. Retirement fund assets accounts generally

 The assets of the Arkansas Teacher Retirement System shall be recorded in accounts established by the Board of Trustees of the Arkansas Teacher Retirement System, as necessary, to manage the system's fund assets.