§ 6-57-103 - Employee benefits. - Arkansas Statutes

6-57-103. Employee benefits.

(a) (1) Employees of Arkansas Tech University -- Ozark Campus as of June 30, 2003, who are eligible for payment of accrued sick leave upon retirement or death under 21-4-501 shall retain that benefit.

(2) This benefit shall be paid upon the employee's retirement or death from the funds restricted to expenditures in support of Arkansas Tech University -- Ozark Campus.

(3) Individuals employed after June 30, 2003, shall not be entitled to receive compensation under 21-4-501.

(b) (1) Employees of Arkansas Tech University -- Ozark Campus as of June 30, 2003, who are enrolled in the alternative retirement plan and are receiving a twelve percent (12%) retirement match shall retain the benefit.

(2) Individuals employed after June 30, 2003, shall not be entitled to enroll in the alternative retirement program.