24 CAR § 1-212. Five-year vesting

(a)(1) In accordance with Acts 1995, No. 1356, five-year vesting becomes effective July 1, 1997. (2) This provision is not retroactive. (b) In order to vest under this provision, a person must be a member of the Arkansas Public Employees’ Retirement System on July 1, 1997, and have been a member for not less than ninety (90) consecutive calendar days prior to July 1, 1997, with five (5) or more years of service. (c) If a person is a former member on July 1, 1997, with five (5) years but less than ten (10) years of service, that person must return to covered employment for a period of not less than ninety (90) consecutive calendar days after July 1, 1997. (d) If a person is a former member on July 1, 1997, with less than five (5) years of service, that previous service will be counted toward five-year vesting provided the: (1) Person returns to covered employment for a period of not less than ninety (90) consecutive calendar days; and (2) Previous service has not been refunded.