§ 24-6-404 - Eligibility for benefits -- Voluntary retirement. - Arkansas Statutes

24-6-404. Eligibility for benefits -- Voluntary retirement.

(a) (1) Any member who has acquired five (5) years but less than thirty (30) years of actual service and has attained age sixty-five (65) may retire upon his written application filed with the Board of Trustees of the State Police Retirement System.

(2) Any member who has acquired thirty (30) or more years of actual service may retire at any age upon his written application filed with the board.

(3) For those members with less than thirty (30) actual years of service, the age sixty-five (65) requirement shall be reduced by seventy-five hundredths (.75) of a month for each actual month of service, but in no event to an age younger than fifty-five (55).

(b) This application shall set forth at what time, not less than thirty (30) days nor more than ninety (90) days subsequent to the execution and filing thereof, the member desires to be retired.

(c) Upon the member's retirement, he shall receive a pension provided for in 24-6-406.