§ 24-8-216 - Eligibility for benefits -- Early retirement. - Arkansas Statutes

24-8-216. Eligibility for benefits -- Early retirement.

(a) Any judge of a circuit or chancery court who has fourteen (14) years or more of credited service in the Arkansas Judicial Retirement System, established by 24-8-201, 24-8-203, 24-8-207, 24-8-211, 24-8-215, 24-8-217, and 24-8-218, may elect to retire and receive retirement benefits under the provisions of Acts 1953, No. 365, at any time after reaching age sixty-two (62) and before reaching age sixty-five (65).

(b) The retirement benefits of any circuit or chancery judge electing to retire before age sixty-five (65) shall be reduced six percent (6%) for each full year and proportionately for any part of a year that the judge retires before reaching age sixty-five (65).