Eligibility for benefits — Early retirement

  1. Law
  2. Arkansas Code
  3. Retirement And Pensions
  4. Arkansas State Highway Employees' Retirement
  5. General Provisions
  6. Eligibility for benefits — Early retirement

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  1. (a) In addition to retirement as provided in §§ 24-5-112 and 24-5-113, a member may retire after a minimum of five (5) years of service on and after the member's fifty-fifth birthday.

  2. (b)

    1. (1) However, the annuity otherwise payable, as provided in § 24-5-115, shall be reduced eight-tenths of one percent (0.8%) for each of the first sixty (60) months, or fraction thereof, that the early retirement date precedes the earliest date that the member could retire without a reduction in the annuity.

    2. (2) The annuity shall be reduced three-tenths of one percent (0.3%) for each of the next sixty (60) months, or fraction thereof, that the early retirement date precedes the earliest date that the member could retire without a reduction in the annuity.


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