24 CAR § 1-204. Computation of benefits for members with concurrent service in the system

In accordance with the authority provided in Arkansas Code §§ 24-4-105(b)(1) and 24-4-521, the Board of Trustees of the Arkansas Public Employees’ Retirement System has determined that benefits for members with concurrent service within the Arkansas Public Employees’ Retirement System, where a portion of the service is credited at more than one-for-one (i.e., elected or public safety), shall be computed as follows: (1) A benefit will be calculated separately for service that results in public safety and/or elected credit based on the credited service and final average salary for the entirety of that service; (2) A benefit will then be computed for all regular service based on the regular service and final average salary for that service; and (3) The benefit computed for each type of service will be added together to obtain the total benefit.