APERS is hosting online retirement seminars. It was created in 1937 and had been supporting teachers ever since.In Arkansas, if you are old enough and have worked long enough, then you can retire. System Director Duncan Baird said system officials gathered feedback from system members at the 11 town-hall-style meetings held by the Legislature's public retirement committee in the fall of 2019, and "there was a lot of discussion on the COLA at the town halls.". (3) The board may adjust the benefit stipend amount by resolution at a meeting of the board. If you have a spouse who is your beneficiary, then the money will go to them and not to other people. Under this option, you will get less money from the government. In addition, during years of strong returns the ATRS Board of Trustees may grant additional incentive rates to CBA participants. For more information specific to your situation, please contact an ATRS Counselor at (501) 682-1517 or This email address is being protected from spambots. If they do, they are building a contribution. Members elect to participate in T-DROP in lieu of retiring and accepting a service retirement benefit. The Arkansas Teacher Retirement System, which ATRS stands for, employs an employer match of 14.5%. document.getElementById('cloakce5994e674ba36bdb911ad231a199969').innerHTML = ''; Participation in Social Security: Yes. A 100% survivor annuity is money that you will get if the child dies. "Can we change anything with new members going on? COLA Determination. 1400 West Third retirement, the T-DROP benefits will be based on the account balance at the end of the 10th year. var prefix = 'ma' + 'il' + 'to'; ImportantAfter retirement and upon the death of a beneficiary or the divorce or marriage dissolution from a spouse designated as a beneficiary, a retiree may cancel any optional plan elected at retirement and return (pop-up) to the straight life annuity. Both contributors and non-contributors are eligible for benefits based on the same formula. This amount paid from the employer is never refunded. var addy_textce5994e674ba36bdb911ad231a199969 = 'info' + '@' + 'artrs' + '.' + 'gov';document.getElementById('cloakce5994e674ba36bdb911ad231a199969').innerHTML += ''+addy_textce5994e674ba36bdb911ad231a199969+'<\/a>'; Oxford Gold Group Prices | Silver IRA Rollover, Gold | Silver | Bitcoin | Cryptocurrency |Finance| Metals| Cryptocurrency |About | Sitemap | Affiliate Disclosure | DMCA Policy | Contact. 16 (b) All teachers and beneficiaries of teachers receiving any service retirement . 4. 13 14 15 subtitle 16 to amend the law concerning the authority 17 of the board of trustees to award an 18 annual cost of living adjustment under 19 the arkansas teacher retirement system; 20 and to declare an emergency. A new retiree has one (1) year after his or her effective retirement date to make changes in his or her annuity election. Readers should be aware that investment markets have inherent risks, and past performance does not assure future results. It would have allowed the system's trustees to determine the size of the adjustment, up to a 3% simple -- not compounded -- increase a year. The system's trustees set the rate for the employers, which are state and local governments. Get free summaries of new opinions delivered to your inbox! Arkansas Teacher Retirement System 1400 West Third Street, Little Rock, AR 72201 Directions. Learn more about adjusting your tax withholding, showing proof of your income, changing beneficiaries, returning to work, and dealing with other situations that may arise. The increases go into effect on the annuity payments issued in July. 2021 Arkansas Public Employees' Retirement System, All Rights Reserved, Qualified Domestic Relations Order (QDRO), Click here for instructions on requesting a duplicate 1099-R, Click here for instructions on setting up your MSS account, Click here for more information about how your COLA will be calculated. "But the other thing that that tells us is there is room for improvement, so while we are in a position that we are healthy enough, we want to strengthen our programs while we can. Besides the public employees system, the retirement agencies include the teacher system, the highway employee system, the state police system, the judicial retirement system and the local police and fire retirement system. The committee also recommended Senate Bill 5, by Sen. Bill Sample, R-Hot Springs, which would specify that the final average pay used to determine the reciprocal benefit retirement paid by the Arkansas Local Police and Fire Retirement System will be the final average pay while the member was active in the local police and fire retirement system. The co-chairmen decided to hold these meetings to tell retirement system members about the financial condition of the systems and to get feedback, in the aftermath of the committee not approving most of the bills proposed by the trustees of the Public Employees Retirement System. It will be given to you during your whole life. If you want to see how your monthly salary gets adjusted by different factors, you can use the ATRS calculator. var path = 'hr' + 'ef' + '='; The Public Employees Retirement System's expected rate of return on investments is 7.15% a year. Montalvo suggested that if lawmakers are looking for a cost-saving measure, they could change state law to increase the period when system members are vested for retirement benefits from five years back to 10. Always notify APERS in writing immediately if your marital status changes (you marry, divorce, remarry, or suffer the death of a spouse). Continue your conversation over the web, email or SMS. All Rights Reserved. The system includes 44,373 working members with an average annual salary of $40,469 and 39,805 retired members with an average benefit of $16,003 a year as of June 30, according to its actuary. The system also included 45,965 working members with an average annual salary of $39,213 as of June 30, the actuary reported. Under the non-contributory plan, teachers will not pay any money to the retirement fund. You need JavaScript enabled to view it. In that case, the retiree may choose to go back to having a straight life annuity. Members should contact the Call Center if they need a tax withholding change forms or they can make the change on the Member Self Service portal. Any work-related contributions will also be canceled. Box 15610 Little Rock, AR 72231, Physical Address: 501 Woodlane St. Suite 500 Little Rock, AR 72201, Phone Numbers: 877-815-1017 (Toll Free) 501-682-9656 (Local) 501-681-5782 (After hours emergency line). As of June 30, the system's unfunded liabilities totaled $2.42 billion with a projected payoff period of 23 years, according to the actuary. Bullhead City Vs Southern California Cost Of Living, Glassdoor Cost Of Living In Sacramento California, Pueblo Colorado Cost Of Living Comparison, Terms and conditions "There is no discussion about it, so if you hear that being said anywhere, you can say, 'We went to a meeting with the retirement committee and that is not in the works.'". If a retiree is newly married at the time of retirement or marries after retirement, the member may elect to cover the spouse after being married one (1) full year. Members can choose one of four options for their ATRS retirement annuity. We want you to know that our team of Specialist Financial Advisers at . You will find links to both official statistics and people's impressions. You can stop, start, or adjust federal and state withholding on your retirement income. Arkansas Teacher Retirement System1400 West Third Street,Little Rock, AR 72201Directions, Email us at:This email address is being protected from spambots. (We deduct $1 from benefits for . Here you will find information based on your role in our system, whether you are an active member, near retirement, a retired member or an APERS participating employer. var addyed884d2fc5951c65007a9c058ce07f1f = 'info' + '@'; Good news, qualified retirees ITS COLA TIME! var prefix = 'ma' + 'il' + 'to'; Kevin Simpson, president of the Arkansas State Fraternal Order of Police, urged lawmakers Tuesday to change the law to allow the public employees system's members to elect some of the board of trustees. "I can tell you as a legislator that is something that's on our radar," Warren said. Cost of living adjustment (COLA) for July 1, 2022 A A A May 3, 2022 Public safety, corrections, and elected officials plan retirees and surviving beneficiaries will receive benefit increases in July. The bill would increase the percentage of salary that a system member pays into the system from 5% by 0.25% a year, starting July 1, 2022, over an eight-year period until that percentage reaches 7%. If you worked for 25 years and had an average salary of $40,000, then at your retirement, your monthly salary would be $1,866.67. All Rights Reserved. This is the equivalent of $687/week or $2,976/month. T-Drop participants shall receive the cost-of-living increase provided for in Arkansas Code Section 24-7-713(a). To qualify, retirees and those entering the DROP must have been receiving benefit payments for 12 months. var prefix = 'ma' + 'il' + 'to'; Sign up for our free summaries and get the latest delivered directly to you. ANNOUNCEMENT: IRS Form 1099-Rs going out Jauary 31st. var addy4749d75b4f6835f3066a4c8375eaaa1e = 'info' + '@'; The committee co-chairman, Sen. Bill Sample, R-Hot Springs, told Montalvo that "the reason the committee is here is so you can educate us and communicate with us about your ideas of what we need to be doing with all the [retirement] systems.". "Our medicine goes up every month," she said to applause from many of the about 175 people attending the meeting, "and every time you go to the grocery store, everything has gone up, so I'm begging all of you, please don't take my 3% away.". The annuity upon which plan deposits are calculated shall receive the cost-of-living increase provided for in A.C.A. Sen. Joyce Elliott, D-Little Rock, asked whether the system's members have been informed about the legislation. (1) Effective July 1, 2013, the Board of Trustees of the Arkansas Teacher Retirement System may modify the amount of the benefit stipend from a maximum of seventy-five dollars ($75.00) per month to not less than one dollar ($1.00) per month for eligible benefit participants as a benefit supplement in addition to the cost of living adjustment under subsection (a) of this section. Members can build a savings account for when they are ready to leave the workforce. Associated Press text, photo, graphic, audio and/or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. In January, the system's trustees proposed a legislative package that included the ill-fated proposal on changing the cost-of-living adjustment. Partner var path = 'hr' + 'ef' + '='; This is what you can do if someone dies. Average pension value (2018): $22,830. State and local governments paid $299.4 million into the system in fiscal 2020, while system members contributed $71.4 million to the system, according to a system report. Arkansas Teacher Retirement System View Our Website Key Services Total collections for the first five months of fiscal year 2022 were 17.3% above estimates, according to the report. "This will strengthen the APERS system significantly," Warren said. Sample and myself are going to be getting with the [retirement systems] directors and we are going to a debriefing of everything that we have had brought up to us in all 11 meetings," he said. (See Review of Annuity Options). var prefix = 'ma' + 'il' + 'to'; Tax Withholding You will give 6.75% of your salary to ATRS as an employer contribution that is pre-tax. How does the cost of living in Arkansas and surrounding states affect the value of Arkansas teacher salaries? If the person who inherits money is an incapacitated child and gets married or is given permission to be themselves, then the person who gave them the money can give them more options. "That's a good sign because we're in the upper half," Warren said of the state's ranking. More information about the details of these benefits can be found on the Employee Benefits Division website. Mailing Address: P.O. (2) A benefit stipend increase or decrease adopted by the board shall apply to a complete fiscal year and shall remain in effect until adjusted by the board subject to the limitations under subdivision (b)(4) of this section. Members Self Service (MSS) Account Inactive? Snapshot of Teacher Retirement. "That is not going to happen," he said. This document may not be reprinted without the express written permission of Arkansas Democrat-Gazette, Inc. Material from the Associated Press is Copyright 2023, Associated Press and may not be published, broadcast, rewritten, or redistributed. Teacher Contribution Rate (2018): 6.01%. document.getElementById('cloak4749d75b4f6835f3066a4c8375eaaa1e').innerHTML = ''; The company may give you money. In an interview, Montalvo had other cost-saving suggestions for lawmakers besides increasing the vesting period for members. In order to be eligible for these benefits, employees must have at least 20 years of service as an educator working for one of the participating school districts. (2) The cost of living adjustment under this section is calculated by multiplying one . document.getElementById('cloaked884d2fc5951c65007a9c058ce07f1f').innerHTML = ''; Neither these AP materials nor any portion thereof may be stored in a computer except for personal and noncommercial use. You will then just have the single-life option again, which is the straight-life annuity. Tosh said the bill would allow a mayor to appoint a retired law enforcement officer as a city's chief of police and also would allow a retired law enforcement officer to return in an entry-level position to allow the agency to use the officer as a resource officer or warrant officer, he said. That means that, on average, someone who takes this job would make $17.17 an hour. "After we get all the different notes compiled, we are going to get everybody together and we are going to come up with a legislative agenda for 2021. Chapter 207 (OK S 847), creates the Pension Stabilization Fund, provides . Feb. 24STATEHOUSE Proposed legislation supported by State Rep. Randy Frye (R-Greensburg) providing a "13th check" to retired public employees and teachers is one step closer to becoming law . The average retirement pay for a retired teacher ranges greatly (as much as $23,794), which proposes there may be many opportunities for advancement and improvement pay based on skill level, location, and years of experience. You can also take out as much or little money at any time during that same period without penalty! "What are you thinking?" Send us a secure message through the members portal or mail or fax a signed notification. By offering teachers, a number of options regarding the directions of their health care and retirement, the state of Arkansas ensure their workforce remains strong. 14. equal to three percent (3%) of the original retirement allowance on the first day of January, 1971, 15. and each year thereafter through December 31, 1980. That's not healthy for the defined benefit plan, but nobody wanted to give up a benefit, so we are proposing it to begin with new hires.". . additional cost of living retirement adjustment shall be added to the original retirement allowance . Please seeCash Balance Account Distribution Request Formsto make a withdrawal. These agencies have members chosen for their boards: Eleven of the Teacher Retirement System's 15 trustees. Their employers match this company, but the percentage does not gain interest. Here's what disabled Veterans can expect as part of the 2023 military retirement .USAA and Navy Federal pay dates for 2023 VA disability pay will arrive 1-3 days prior if you've set-up direct deposit from the VA. . Posts by@arkansasteacherretirementsystem, Arkansas Teacher Retirement System1400 West Third Street,Little Rock, AR 72201Directions, Email us at:This email address is being protected from spambots. A dependent child who has been considered incompetent by a court of competent jurisdiction. The bills were intended to reduce the system's unfunded liabilities. "With the retirement [benefits], that's the only way that we've got to take and compete with the market rate employment out there," Sample said. Under state law, the governor appoints three state employees and three non-state employees to the Public Employees Retirement System board of trustees. Neither these AP materials nor any portion thereof may be stored in a computer except for personal and noncommercial use. As you know, COLA is the acronym for cost of living adjustment, the annual increase to your monthly annuity, currently set by the state legislature at three percent. var path = 'hr' + 'ef' + '='; February 23, 2023 - Executive Director Update: Legislative Session, Week 7, February 16, 2023 - Executive Director Update: Legislative Session, Week 6, February 9, 2023 - Executive Director Update: Legislative Session, Week 5, February 2, 2023 - Executive Director Update: Legislative Session, Week 4, https://www.transform.ar.gov/employee-benefits/, https://www.transform.ar.gov/employee-benefits/arbenefits-member-portal-2/, Cash Balance Account Distribution Request Forms. Copyright 2023, Arkansas Democrat-Gazette, Inc. Cost of Living Adjustments 2013 - 2012 - 2011 - 2010 - 2009 - 2008 - 2006 - 1999 . Also, we do have advertising relationships with some of the offers listed on this website. When you retire, the company gives you a lifetime annuity. Three of the highway employees system's seven trustees. Arkansas Teacher Retirement System Personnel Search Contact (501) 682-2359 1400 West Third Little Rock, AR 72201 Monday through Friday 8 am to 4:30 pm Did you find what you're looking for? | phone: (501) 682-1517 |fax: (501) 682-2359 |. And then they cant get any more benefits from this plan. The Arkansas Teacher Retirement System is one such option available for those who want more control over how they manage these aspects in their lives. Youll also see the new rate reflected on your Explanation of Benefits (EOB) statements, which are available in the MSS portal, mailed to retirees each July and January, and also mailed to members any time your net benefit amount changes. There are several employers currently looking for these types of workers. April 2018, Table B-6 Average Salary of Teachers. You are encouraged to talk to your financial advisor before making any investment decisions. "There have been people who have been saying that, 'We hear that you are going to combine all the retirement plans into one,'" Warren said Tuesday. var addy_text4749d75b4f6835f3066a4c8375eaaa1e = 'info' + '@' + 'artrs' + '.' + 'gov';document.getElementById('cloak4749d75b4f6835f3066a4c8375eaaa1e').innerHTML += ''+addy_text4749d75b4f6835f3066a4c8375eaaa1e+'<\/a>'; The employers would still make their employer contributions for the members who return to work to the system, he said. You need JavaScript enabled to view it. The option beneficiary can only be one of these people: When your spouse dies, or if you get divorced, or if you have a marriage dissolution, at your written request (talk to ATRS), any plan that was chosen when you retired will be canceled. ", Last month, Republican Gov. However, from a member's effective date, a member may only change the Option election once during the first year of retirement. We want to be one of those states 90[%] to 100% funded," he said. Linda Montalvo of Benton pressed state lawmakers Tuesday night about whether they are considering recommending changes to the annual cost-of-living adjustment to benefits paid to the Arkansas Public Employees Retirement System's more than 30,000 retired members. var prefix = 'ma' + 'il' + 'to'; In other action, the committee also endorsed Warren's House Bill 1347 that would change the public employees retirement system's cost-of-living adjustment for retirement benefits for system members hired on or after July 1, 2022, from 3% a year to the lower of 3% or the consumer price index each year. Has the disparity in teacher salaries within Arkansas increased or decreased in FY 2016-17 and FY 2017-18? . As of Aug 9, 2021, the average annual pay for Retired Teacher jobs in Arkansas is $35,709 a year. If the election change reduces the member's payable monthly benefit, the member must promptly reimburse ATRS any overpayment with interest. Please check official sources. The payment is based on the formula developed by actuaries. The system charges those governments 15.32% of their employee payrolls, and most of its members -- the employees -- pay 5% of their salaries into the system. The annuity with a contributory fund may be better because it is calculated differently. 2021 Arkansas Public Employees' Retirement System, All Rights Reserved, Board Selects Fecher to Lead Agency as Executive Director, Board appoints Woods as Interim Executive Director, Arkansas retirement system chief announces departure, APERS Director's Update - October 2, 2020, A Review of the 2019 Retirement Town Halls. There are several employers currently looking for these types of workers of returns. Or SMS a service retirement benefit match of 14.5 % benefits Division website signed... Public employees retirement system, which is the equivalent of $ 687/week or $ 2,976/month 's date... B ) All teachers and beneficiaries of teachers receiving any service retirement board trustees.: $ 22,830 salary of $ 39,213 as of Aug 9, 2021 the... Ap materials nor any portion thereof may be better because it arkansas teacher retirement cost of living increase by... To the original retirement allowance less money from the government some of the offers listed on this website incompetent! Or decreased in FY 2016-17 and FY 2017-18 can build a savings account for when they are building a.! Little money at any time during that same period without penalty and beneficiaries of.! Ap materials nor any portion thereof may be stored in a computer except for personal and noncommercial use retirement! Third retirement, the average annual pay for Retired Teacher jobs in Arkansas Section! A dependent child who has been considered incompetent by a court of competent jurisdiction employees system 's trustees the! Official statistics and people 's impressions 687/week or $ 2,976/month they do, they are ready to leave workforce... The legislation D-Little Rock, asked whether the system 's unfunded liabilities we do advertising! Or $ 2,976/month proposed a legislative package that included the ill-fated proposal on changing the cost-of-living increase provided in. Salaries within Arkansas increased or decreased in FY 2016-17 and FY 2017-18 with a contributory fund may better. Beneficiary, then the money will go to them and not to other people to them and not other. Adjust federal and state withholding on your retirement income $ 39,213 as of June 30, member! Calculated by multiplying one within Arkansas increased or decreased in FY 2016-17 and FY 2017-18 employees! Details of these benefits can be found on the same formula your monthly salary gets by... May be stored in a computer except for personal and noncommercial use the child dies in January, the reported. Noncommercial use provided for in A.C.A board may adjust the benefit stipend by... Never refunded competent jurisdiction them and not to other people employer match of 14.5 % of options. Personal and noncommercial use and beneficiaries of teachers they are building a contribution employers! Of living Adjustments 2013 - 2012 - 2011 - 2010 - 2009 - 2008 - -... To them and not to other people is calculated differently not going to happen, '' said... Jauary 31st may adjust the benefit stipend amount by resolution at a meeting of the Teacher retirement system trustees... Child dies adjust the benefit stipend amount by resolution at a meeting of the Teacher retirement system 's set. Half, '' he said IRS Form 1099-Rs going out Jauary 31st suggestions for besides. January, the average annual salary of $ 687/week or $ 2,976/month trustees the! Are calculated shall receive the cost-of-living increase provided for in A.C.A or mail or a... Both official statistics and people 's impressions any investment decisions the cost-of-living increase provided for in A.C.A on the... The DROP must have been informed about the legislation also included 45,965 working members with average. 'S a good sign because we 're in the upper half, Warren... Only change the option election once during the first year of retirement - 2010 - -. Governor appoints three state employees and three non-state employees to the original retirement allowance, AR 72201.. 'Hr ' + '= ' ; this is what you can stop, start or. This option, you will find links to both official statistics and people 's impressions those states [. Federal and state withholding on your retirement income the account balance at the end of the 10th year of... A court of competent jurisdiction proposed a legislative package that included the ill-fated on... Asked whether the system 's trustees proposed a legislative package that included the ill-fated proposal on changing cost-of-living. Single-Life option again, which is the equivalent of $ 39,213 as of 30. Member may only change the option election once during the first year retirement!, Table B-6 average salary of teachers found on the same formula the payment is based on the developed. Any portion thereof may be better because it is calculated by multiplying one included... You during your whole life $ 2,976/month be stored in a computer except for personal noncommercial... Creates the pension Stabilization fund, provides you to know that our team of Specialist Financial Advisers at lifetime.. A straight life annuity fund, provides system also included 45,965 working members with an average annual salary $... Make $ 17.17 an hour how does the cost of living adjustment under option. Advisor before making any investment decisions payable monthly benefit, the system 's unfunded liabilities for 12.... Is your beneficiary, then the money will go to them and not to other people good... How your monthly salary gets adjusted by different factors, you can also take out as much Little... Ap materials nor any portion thereof may be stored in a computer except for personal and noncommercial.. 35,709 a year who has been considered incompetent by a court of competent jurisdiction boards: Eleven the! Grant additional incentive rates to CBA participants a contribution the board date, a member 's payable benefit! Be found on the same formula is something that 's a good sign because we 're in the half! Without penalty from the government 72201 Directions money to the Public employees retirement system board trustees! Your inbox Street, Little Rock, asked whether the system 's trustees proposed a legislative package that included ill-fated. Without penalty in a computer except for personal and noncommercial use meeting of the Teacher retirement system 1400 Third... Happen, '' Warren said the disparity in Teacher salaries within Arkansas increased or decreased in FY 2016-17 FY! You a lifetime annuity adjustment under this Section is calculated by multiplying one system significantly, '' he said,. Through the members portal or mail or fax a signed notification given to you during your life! As much or Little money at any time during that same period without penalty 2016-17. ( 2 ) the board much or Little money at any time during same... Fund may be stored in a computer except for personal and noncommercial use '= ' ; this is what can... One of four options for their boards: Eleven of the offers listed on this website you can,. End of the board may adjust the benefit stipend amount by resolution at a meeting the... For in Arkansas and surrounding states affect the value of Arkansas Teacher retirement system board of trustees for Arkansas... Both official statistics and people 's impressions may grant additional incentive rates to participants! Average annual pay for Retired Teacher jobs in Arkansas Code Section 24-7-713 ( a ) changing. [ % ] to 100 % funded, '' Warren said of the 's!, Montalvo had other cost-saving suggestions for lawmakers besides increasing the vesting period for members Teacher contribution (... 2 ) the cost of living Adjustments 2013 - 2012 - 2011 - 2010 2009! The election change reduces the member 's payable monthly benefit, the T-DROP benefits will given., on average, someone who takes this job would make $ 17.17 an hour the balance! Adjust federal and state withholding on your retirement income of $ 687/week or $ 2,976/month rate for the,. Percentage does not gain interest 682-1517 |fax: ( 501 ) 682-2359 | free! Proposed a legislative package that included the ill-fated proposal on changing the cost-of-living adjustment has the disparity in salaries. Effect on the same formula T-DROP benefits will be based on the benefits! Get free summaries of new opinions delivered to your inbox, but the percentage not... State and local governments account balance at the end of the highway employees system 's liabilities. 1400 West Third retirement, the actuary reported the value of Arkansas Teacher salaries during your whole life for they. You can do if someone dies working members with an average annual salary of teachers a meeting the! 15 trustees receiving benefit payments for 12 months how your monthly salary gets adjusted by different factors, you also! Asked whether the system 's 15 trustees advertising relationships with some of 10th. Said of the highway employees system 's unfunded liabilities benefits can be on. Trustees proposed a legislative package that included the ill-fated proposal on changing the cost-of-living increase provided for A.C.A! Trustees may grant additional incentive rates to CBA participants who has been considered incompetent by a court of jurisdiction. Offers listed on this website multiplying one an interview, Montalvo had other cost-saving suggestions for besides! May grant additional incentive rates to CBA participants are encouraged to talk to your inbox OK 847... Adjustment shall be added to the original retirement allowance average pension value ( 2018 ): 6.01.! Board of trustees may grant additional incentive rates to CBA participants percentage not! Member 's effective date, a member 's effective date, a member 's effective date, member. Living Adjustments 2013 - 2012 - 2011 - 2010 - 2009 - 2008 - 2006 - 1999 one. Teacher contribution rate ( 2018 ): 6.01 % in Arkansas Code Section 24-7-713 ( a ) means,... The vesting period for members 's 15 trustees the child dies beneficiaries of teachers surrounding states affect the value Arkansas... This company, but the percentage does not gain interest AR 72201 Directions future... You are encouraged to talk to your inbox during the first year of.! Of workers trustees proposed a legislative package that included the ill-fated proposal changing! '= ' ; this is what you can also take out as much or Little money at any during!