reglab/housing_qa huggingface dataset:
AR Code § 24-5-126 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 5 - Arkansas State Highway Employees' Retirement|Subchapter 1 - General Provisions|§ 24-5-126. Increase in benefits

 (a) Effective July 1, 1991, the monthly retirement benefit payable to the retirees and beneficiaries of the Arkansas State Highway Employees' Retirement System who are entitled to receive an annuity for July 1991 shall be increased by four percent (4%) above the annuity such retiree or beneficiary received for June 1991.  (b) The increase in benefits as provided in this section shall be added to the base annuity for the purpose of computing the annual postretirement increase as provided in § 24-5-119(a) for the benefit redetermination July 1, 1991, and for all years thereafter.
AR Code § 24-5-127 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 5 - Arkansas State Highway Employees' Retirement|Subchapter 1 - General Provisions|§ 24-5-127. Creditable service

 (a) Any employee of the Arkansas State Highway and Transportation Department or the Arkansas Department of Transportation who is a member of the Arkansas State Highway Employees' Retirement System and who has served as a member of the State Highway Commission shall receive partial credit, equal to forty percent (40%) of the time the member served as a member of the commission, as creditable service.  (b) For the purpose of calculating the member's annuity, the portion of creditable service attributed to serving on the commission shall not be considered when determining retirement eligibility, nor shall it be considered when calculating the annuity, but it is to be considered only toward vesting in the system.
AR Code § 24-5-128 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 5 - Arkansas State Highway Employees' Retirement|Subchapter 1 - General Provisions|§ 24-5-128. Increase in monthly retirement benefit — 1993

 (a) Effective July 1, 1993, the monthly retirement benefit payable to the retirees and beneficiaries of the Arkansas State Highway Employees' Retirement System who are entitled to receive an annuity for July 1993 shall be increased by two and nine-tenths percent (2.9%) above the annuity such retiree or beneficiary received for June 1993.  (b) The increase in benefits as provided in this section shall be added to the base annuity for the purpose of computing the annual postretirement increase as provided in § 24-5-119(a) for the benefit redetermination July 1, 1993, and for all years thereafter.
AR Code § 24-5-129 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 5 - Arkansas State Highway Employees' Retirement|Subchapter 1 - General Provisions|§ 24-5-129. Increase in monthly retirement benefit — Acts 1997, No. 349

 (a) Effective July 1, 1997, the monthly retirement benefit payable to the retirees and beneficiaries of the Arkansas State Highway Employees' Retirement System who are entitled to receive an annuity for July 1997 shall be increased by two and two-tenths percent (2.2%) above the annuity such retiree or beneficiary received for June 1997.  (b) The increase in benefits as provided in this section shall be added to the annuity for the purpose of computing the annual postretirement increase as provided in § 24-5-119(a) for the benefit redetermination July 1, 1997.
AR Code § 24-5-130 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 5 - Arkansas State Highway Employees' Retirement|Subchapter 1 - General Provisions|§ 24-5-130. Increase in monthly retirement benefit — Acts 1997, No. 386

 (a) Effective July 1, 1997, the monthly retirement benefit payable to the retirees and beneficiaries of the Arkansas State Highway Employees' Retirement System who are entitled to receive an annuity for July 1997 shall be increased by two percent (2%) above the annuity such retiree or beneficiary received for June 1997.  (b) The increase in benefits as provided in this section shall be added to the annuity for the purpose of computing the annual postretirement increase as provided in § 24-5-119(a) for the benefit redetermination July 1, 1997.
AR Code § 24-5-131 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 5 - Arkansas State Highway Employees' Retirement|Subchapter 1 - General Provisions|§ 24-5-131. Limitation on benefit enhancement of Acts 1997, No. 1089

 No benefit enhancement provided for by § 24-5-116 shall be implemented if it would cause the publicly supported retirement system's unfunded actuarial accrued liabilities to exceed a thirty-year amortization. No benefit enhancement provided for by § 24-5-116 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 liability is reduced to a level less than the standards prescribed by § 24-1-101 et seq.
AR Code § 24-5-132 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 5 - Arkansas State Highway Employees' Retirement|Subchapter 1 - General Provisions|§ 24-5-132. Limitation on benefit enhancement of Acts 1997, No. 1067

 No benefit enhancement provided for by § 24-5-118 shall be implemented if it would cause the publicly supported retirement system's unfunded actuarial accrued liabilities to exceed a thirty-year amortization. No benefit enhancement provided for by § 24-5-118 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 liability is reduced to a level less than the standards prescribed by § 24-1-101 et seq.
AR Code § 24-5-133 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 5 - Arkansas State Highway Employees' Retirement|Subchapter 1 - General Provisions|§ 24-5-133. Early participation

 The Board of Trustees of the Arkansas State Highway Employees' Retirement System shall present to the Joint Committee on Public Retirement and Social Security Programs information concerning the statutory authority and actuarial appropriateness of proposed board actions to establish or revise any benefit or a provision of a deferred retirement option plan.
AR Code § 24-5-134 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 5 - Arkansas State Highway Employees' Retirement|Subchapter 1 - General Provisions|§ 24-5-134. Death benefit enhancement

 (a)  (1) Beginning on March 1, 2001, the Arkansas State Highway Employees' Retirement System shall pay an amount not to exceed seven thousand five hundred dollars ($7,500) to the named beneficiary of the retiree or a member in the Arkansas State Highway Employees' Deferred Retirement Option Plan immediately following the retiree's death.  (2) If there is more than one (1) named beneficiary, the amount shall be divided equally between the named beneficiaries.  (3) If there are no designated persons surviving the retiree or plan member, the lump sum shall be paid to the estate.    (b) If a retiree or a plan member is entitled to a similar benefit from a reciprocal system, then the Arkansas State Highway Employees' Retirement System shall pay a prorated share based on the number of years in the Arkansas State Highway Employees' Retirement System divided by the total public service time.
AR Code § 24-5-135 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 5 - Arkansas State Highway Employees' Retirement|Subchapter 1 - General Provisions|§ 24-5-135. Annuity benefit enhancement

 (a) Beginning July 1, 2001, the monthly retirement benefit payable to the retirees and beneficiaries of the Arkansas State Highway Employees' Retirement System who are entitled to receive an annuity for July 2001 shall be increased by four and eight-tenths percent (4.8%) above the annuity the retiree or beneficiary received for June 2001.  (b) The increase in benefits as provided in this section shall be added to the annuity for the purpose of computing the annual postretirement increase as provided in § 24-5-119(a) for the benefit redetermination July 1, 2001.
AR Code § 24-5-136 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 5 - Arkansas State Highway Employees' Retirement|Subchapter 1 - General Provisions|§ 24-5-136. Operation of system as qualified trust

 (a) The Executive Secretary of the Board of Trustees of the Arkansas State Highway Employees' Retirement System shall operate the Arkansas State Highway Employees' Retirement System and interpret any provisions of this chapter consistent with the requirements under the Internal Revenue Code as it existed on January 1, 2007, and applicable United States Treasury regulations as they existed on January 1, 2007, to permit the system to be operated as a qualified trust under, 26 U.S.C. § 401(a), the Internal Revenue Code as it existed on January 1, 2007.  (b) Notwithstanding any language to the contrary under this chapter, the Board of Trustees of the Arkansas State Highway Employees' Retirement System may promulgate rules consistent with subsection (a) of this section.  (c) Any rule promulgated under this section that is found to be in conflict with an applicable provision of Arkansas law is void.
AR Code § 24-5-137 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 5 - Arkansas State Highway Employees' Retirement|Subchapter 1 - General Provisions|§ 24-5-137. Compliance with Internal Revenue Code section 415

 (a) Notwithstanding any other provision of this chapter, benefits paid under this chapter shall not exceed the limitations of the Internal Revenue Code, 26 U.S. Code § 415, as it existed on January 1, 2011, that are applicable to governmental plans.  (b) The Board of Trustees of the Arkansas State Highway Employees' Retirement System may promulgate rules to implement the limitations of the Internal Revenue Code, 26 U.S. Code § 415, as it existed on January 1, 2011, including, to the extent necessary, the payment of any benefit limited by the Internal Revenue Code, 26 U.S. Code § 415, as it existed on January 1, 2011, under an arrangement described in the Internal Revenue Code, 26 U.S. Code § 415(m), as it existed on January 1, 2011.
AR Code § 24-5-201 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 5 - Arkansas State Highway Employees' Retirement|Subchapter 2 - Deferred Retirement Option Plan|§ 24-5-201. Establishment

 (a) The Board of Trustees of the Arkansas State Highway Employees' Retirement System may establish a deferred retirement option plan for its members so that, in lieu of terminating employment, they might continue with employment and accept a service retirement benefit pursuant to § 24-5-101 et seq. The board shall be authorized to promulgate rules for a plan to provide this deferred retirement option to its members as is appropriate to maintain a goal of zero (0) cost to the system.  (b) The board shall be authorized to promulgate rules for a plan to provide this deferred retirement option to its members as is appropriate to maintain a goal of zero (0) cost to the system.
AR Code § 24-5-202 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 5 - Arkansas State Highway Employees' Retirement|Subchapter 2 - Deferred Retirement Option Plan|§ 24-5-202. Requirements

 (a) In the event a plan is established, the Arkansas State Highway Employees' Deferred Retirement Option Plan shall have, as a minimum, provisions which require that:  (1) The Board of Trustees of the Arkansas State Highway Employees' Retirement System approve of the person's participation in the Arkansas State Highway Employees' Deferred Retirement Option Plan;  (2) The member's deferred retirement benefits deposited into an account in which shall be accumulated the member's deferred option contributions plus interest;  (3) The rate of interest to be credited to each member's deferred option account shall be an amount to be determined by the board, to be paid on the mean balance in the account for the fiscal year;  (4) When a member begins participation in the Arkansas State Highway Employees' Deferred Retirement Option Plan, the member's contributions and the state's contributions, as employer, to the Arkansas State Highway Employees' Retirement System shall cease;  (5) A member's selection of the deferred retirement option, the time of the retirement deferral, and the selection of the retirement annuity are irrevocable; and  (6) The duration of participation in the Arkansas State Highway Employees' Deferred Retirement Option Plan shall not exceed five (5) years except under subsection (b) of this section.    (b)  (1) The member may participate in the Arkansas State Highway Employees' Deferred Retirement Option Plan until the later of age sixty-five (65) or the fifth anniversary of the member's entry into the plan.  (2) The member who enters the Arkansas State Highway Employees' Deferred Retirement Option Plan before age sixty (60) may continue to participate in the Arkansas State Highway Employees' Deferred Retirement Option Plan until the member retires or reaches age sixty-five (65).  (3) In order to participate in the Arkansas State Highway Employees' Deferred Retirement Option Plan for a period of longer than five (5) years, the member shall contribute six percent (6%) of his or her gross salary, and the Arkansas Department of Transportation shall contribute six and nine-tenths percent (6.9%) of the member's gross salary.  (4) In order to participate in the Arkansas State Highway Employees' Deferred Retirement Option Plan longer than five (5) years, the amount deposited into the member's deferred retirement option plan account shall be cost neutral to the system, and the system's actuary shall determine this amount.    (c) The board may determine any other provisions of the plan, such as the amount of credited service to participate, the method of collections for participants of the Arkansas State Highway Employees' Deferred Retirement Option Plan, and the payment methods in the event of the death of a participant.
AR Code § 24-5-203 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 5 - Arkansas State Highway Employees' Retirement|Subchapter 2 - Deferred Retirement Option Plan|§ 24-5-203. Limitation on benefit enhancement

 (a) No benefit enhancement provided by §§ 24-5-201 and 24-5-202 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 by §§ 24-5-201 and 24-5-202 shall be implemented by any publicly supported retirement system which has unfunded actuarial accrued liabilities being amortized over a period exceeding thirty (30) 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 § 24-5-204 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 5 - Arkansas State Highway Employees' Retirement|Subchapter 2 - Deferred Retirement Option Plan|§ 24-5-204. Rules — Applicability

 (a) The Board of Trustees of the Arkansas State Highway Employees' Retirement System, in consultation with its actuary, may promulgate rules to lower the required years of service for entry into the Arkansas State Highway Employees' Deferred Retirement Option Plan authorized by this subchapter, subject to any early participation reduction. The reduction will be computed in a manner that is both equitable and actuarially appropriate for the system.  (b) This section shall apply only to entry into the plan by a person who has twenty-eight (28) or twenty-nine (29) years of creditable service and whose eligibility for retirement is based on rules adopted pursuant to § 24-5-112(c).
AR Code § 24-6-101 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 1 - General Provisions|§ 24-6-101. System for payment of disability and retirement benefits and medical fees — Rules — Fund

 (a)  (1) The Arkansas State Police Commission is authorized and empowered to create and administer a system of paying disability, pension, and retirement pay funds to members of the Division of Arkansas State Police and their dependents and survivors.  (2) The commission shall have the authority and power, whenever it deems best, to pay medical expenses, including hospitalization fees and charges, of state police injured while in the performance of their official duties.  (3)  (A) The commission shall have the authority and power to purchase and maintain in force group life, accident, and disability insurance upon the lives and members of the division upon such terms and conditions as it may deem necessary and proper.  (B) However, the purchasing and maintaining of such insurance shall be discretionary, and not mandatory, on the part of the commission.      (b) The commission is authorized and empowered to:  (1) Promulgate and enforce all rules necessary to create and administer a system of paying medical and hospitalization fees, disability benefits, pensions, and retirement pay to members of the division;  (2) Establish and prescribe the eligibility of members of the police force and their dependents and survivors in and to the benefits of the funds; and  (3) Do any and all things necessary to carry out the provisions of this act.    (c)  (1) There is created and established the State Police Retirement Fund, to which shall be credited any and all appropriations made by the General Assembly for the purposes outlined in this section.  (2) Any unexpended balance of the appropriation made for the first fiscal year of any biennial period may be used for a like purpose during the second fiscal year.  (3) Vouchers drawn upon and payable from the funds shall be drawn and paid in the manner provided by law for payment of obligations of the division.
AR Code § 24-6-103 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 1 - General Provisions|§ 24-6-103. No waiver of sovereign immunity

 Nothing in this chapter shall be taken or interpreted as a waiver of the state's sovereign immunity.
AR Code § 24-6-104 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 1 - General Provisions|§ 24-6-104. Credit for service in National Guard and armed forces reserve

 (a) As used in this section, “armed forces reserve” means one (1) of the reserve components of the United States Armed Forces.  (b)  (1) A member of the State Police Retirement System may purchase credited service in the system for a period not to exceed five (5) years for compensated service rendered by the member in the National Guard or in the armed forces reserve if the member:  (A) Makes an application to the Board of Trustees of the State Police Retirement System;  (B) Provides the board with satisfactory proof of that person's service in the National Guard or in the armed forces reserve; and  (C) Pays to the member's deposit account an amount equal to the actuarial present value of the credited service applied for under this section based upon assumptions recommended by the system's actuary.    (2) The payment shall be credited to the member's deposit account and is in addition to any regular member contributions.    (c) A member shall receive one (1) year of purchased service credit for every one (1) year of compensated service in the National Guard or in the armed forces reserve.  (d) The service in the National Guard or in the armed forces reserve shall not become credited service under this system until the member:  (1) Pays for the year of service in the National Guard or in the armed forces reserve prior to retirement; and  (2) Has established five (5) or more years of actual service in the system.    (e) If a member ceases to be an active member before the service in the National Guard or in the armed forces reserve has been established as system-credited service, the member payments contributed under this section are refundable, together with regular interest.  (f)  (1) This section is supplemental to §§ 24-2-502 and 24-6-210, and this section does not diminish the right of any member of the system to obtain credited service in the system for active duty military service within the limits permitted by §§ 24-2-502 and 24-6-210.  (2) However, a member is not entitled to receive more than five (5) years of credited service rendered by the member under this section.  (3) A member is not eligible to purchase service credit in more than one (1) retirement system, whether federally or state-supported, for service in the National Guard or in the armed forces reserve.  (4) Service credit in the system for active duty military service under §§ 24-2-502 and 24-6-210 and for service in the National Guard or in the armed forces reserve shall not be given for the same period of time.  (5) A member's service in the National Guard or in the armed forces reserve shall not make the member eligible for any kind of benefit under any other state-supported retirement system except Social Security.
AR Code § 24-6-202 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 2 - State Police Retirement System|§ 24-6-202. Penalty

 (a) Any person who knowingly makes any false statements or who falsifies or permits to be falsified any records of the State Police Retirement System or the Department of Arkansas State Police in an attempt to defraud the system as the result of that act shall be guilty of a misdemeanor.  (b) Upon conviction by a court, that person shall be guilty of a Class A misdemeanor.
AR Code § 24-6-203 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 2 - State Police Retirement System|§ 24-6-203. Creation

 The State Police Retirement System is created and established in conformance with this subchapter.
AR Code § 24-6-205 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 2 - State Police Retirement System|§ 24-6-205. Correction of errors

 (a) Should any change or error in the records of the State Police Retirement System or the Department of Arkansas State Police result in any person's receiving from the system more or less than he or she would have been entitled to receive had the records been correct, the Board of Trustees of the State Police Retirement System shall correct the error and, as far as is practicable, shall adjust the payment in such manner that the actuarial equivalent of the benefit to which the person was correctly entitled shall be paid.  (b) The board shall have the right to recover any overpayment any person may have received from funds of the system.
AR Code § 24-6-207 (2020)
2020 Arkansas Code|Title 24 - Retirement And Pensions|Chapter 6 - State Police Retirement|Subchapter 2 - State Police Retirement System|§ 24-6-207. Membership

 (a) The Director of the Division of Arkansas State Police and all other state police officers shall become members of the State Police Retirement System.  (b) All persons who became, or become, state police officers after March 19, 1951, shall become members of the system.  (c) None of the other employees of the Division of Arkansas State Police shall be eligible to membership in the system, and the conferring of rank upon any such employee shall not, in itself, constitute eligibility to membership in the system.  (d) Any state police officer, upon appointment as Secretary of the Department of Public Safety, shall be eligible to continue his or her membership in the State Police Retirement System.