24 CAR § 1-406. Purchase of service credit for state service under a federal grant

In accordance with the provisions listed below, a person who is or was a member of the Arkansas Public Employees’ Retirement System may purchase credit for state service under a federal grant: (1) The member makes a written request to the system to purchase the service; (2) The member provides documentation from the state agency receiving the service and the appropriate federal agency of the: (A) Time of the service; and (B) Amount the person was paid by month; (3) The Executive Director of the Arkansas Public Employees’ Retirement System determines that: (A) There is sufficient documentation; and (B) All other requirements of Arkansas Code § 24-4-517 have been met; and (4)(A) The member pays or causes to be paid in a lump sum the cost of the purchase as determined by the system in accordance with Arkansas Code § 24-4-517. (B) The member may purchase all of the service, subject to the maximum stated in the act, or any portion thereof in multiples of one (1) year.