24 CAR § 1-311
24 CAR § 1-311. Election of contributory provisions of Acts 2005, No 2084
Length: 114 wordsOfficial source
(a) All noncontributory members electing to participate in the new contributory program shall commence contribution of five percent (5%) of salary with the first payroll processing period of the ensuing effective calendar month.
(b) Members of Arkansas Public Employees’ Retirement System who are called to active military duty prior to July 1, 2005, shall, upon their return to covered employment, have six (6) months within which to opt into the new contributory program.
(c) Notwithstanding the provisions of Arkansas Code § 24-4-1101(c), a noncontributory member who terminates service after December 31, 2005, but returns to covered employment in less than six (6) months, shall have the option to become contributory at the hire date.