§ 24-7-1302 - Application -- Review. - Arkansas Statutes

24-7-1302. Application -- Review.

(a) When a member of the Arkansas Teacher Retirement System wishes to elect participation in the Teacher Deferred Retirement Option Plan, the member shall fill out and cause to be executed such application form or forms as have been determined to be necessary for the reasonable and prudent administration of the plan by the Board of Trustees of the Arkansas Teacher Retirement System.

(b) (1) The member's plan application shall be reviewed within a reasonable period of time and a determination shall be made whether or not the member meets the eligibility requirements specified in this subchapter.

(2) The member's plan date shall be July 1 next following the determination that the member is eligible for plan participation.