24 CAR § 10-702. Return to service

(a) Unless otherwise provided by the Office of Personnel Management’s Policy No. 65, effective July 1, 2009, a retiree who terminates employment under Arkansas Code § 24-7-502 or reaches the normal retirement age may: (1) Accept employment with a covered employer; and (2) Continue to receive a monthly retirement annuity without a limitation of his or her retirement annuity. (b)(1) Both a retiree who returns to service with a covered employer and the covered employer who employs the retiree shall report the retiree’s employment to the Arkansas Teacher Retirement System using forms and reports required by the system. (2) A retiree who receives monthly retirement benefits and is employed by a covered employer shall not: (A) Pay member contributions; (B) Be responsible for employer contributions; or (C) Accrue additional service credit. (3) A covered employer that employs a retiree shall pay employer contributions on the salary paid to the retiree in an amount equal to the employer contribution rate applicable to an active member.