State Codes and Statutes

Statutes > Arkansas > Title-19 > Chapter-5 > Subchapter-9 > 19-5-918

19-5-918. Arkansas State Highway Employees' Retirement System 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 Arkansas State Highway Employees' Retirement System Fund.

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

(c) It shall be used for:

(1) The payment of retirement and disability benefits to members of the system;

(2) Refunds to members of the system;

(3) Investment purposes; and

(4) Such other purposes as may be authorized by law.