State Codes and Statutes

Statutes > Arkansas > Title-19 > Chapter-5 > Subchapter-9 > 19-5-916

19-5-916. Teacher Retirement Fund.

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the Teacher Retirement Fund.

(b) This fund shall consist of trust fund income as provided by law.

(c) It shall be used for:

(1) The operation, maintenance, and improvement of the Arkansas Teacher Retirement System;

(2) Payment of retirement and disability benefits;

(3) Making refunds; and

(4) Investing surplus funds.