2010 Arkansas Code
Title 24 - Retirement And Pensions
Chapter 7 - Retirement of Employees of Schools and Educational Institutions
Subchapter 4 - Arkansas Teacher Retirement System -- Funds and Management of Assets
§ 24-7-407 - Retirement fund assets accounts -- Employer accumulation account.

24-7-407. Retirement fund assets accounts -- Employer accumulation account.

(a) The employer accumulation account is the account in which shall be accumulated the employer's contributions to the Arkansas Teacher Retirement System, and from which shall be made transfers as provided in this act.

(b) Upon the retirement of a member, the difference between his annuity reserve and his accumulated contributions standing to his credit in the members' deposit account at that time shall be transferred from the employer accumulation account to the retirement reserve account.

(c) Upon the death of a member, if survivor benefits become payable on account of his death, the difference between the reserve for the survivor benefits payable and the member's accumulated contributions standing to his credit in the members' deposit account at the time of his death shall be transferred from the employer accumulation account to the survivor benefit account.