Ark. Code § 24-10-605

Current with legislation from 2024 Fiscal and Special Sessions.
Section 24-10-605 - Compulsory retirement
(a) A member's employer shall determine the compulsory separation age for its employees.
(b) Upon his or her separation from his or her last covered employment, a member with five (5) or more years of credited service in force who has attained his or her normal retirement age shall receive an annuity provided for in § 24-10-602 and shall have the right to elect an option provided for in § 24-10-603.
(c) A member hired on or after July 1, 2013, shall accrue ten (10) years of actual credited service in order to be eligible under this section.

Ark. Code § 24-10-605

Amended by Act 2013, No. 1444,§ 1, eff. 4/22/2013.
Amended by Act 2013, No. 1065,§ 6, eff. 4/11/2013.
Acts 1981, No. 364, § 5; A.S.A. 1947, § 12-3805; Acts 1997, No. 1136, § 2.