24 CAR § 10-603. Retirement eligibility

To be eligible for age and service retirement or disability retirement under the Arkansas Teacher Retirement System, a member shall: (1) Satisfy the credited service requirements under one (1) of the retirement statutes, Arkansas Code §§ 24-7-701 – 24-7-707; (2) Be credited with all required covered employer and member contributions in the member’s deposit account, with no amounts owed to the system; (3) Pay all amounts owed to the system for: (A) Underpayments; (B) Overpayments; or (C) Purchase service accounts; and (4) Terminate employment with each of his or her covered employers or reach the normal retirement age.