Average pension value (2018): $22,830. "This will strengthen the APERS system significantly," Warren said. (2) The cost of living adjustment under this section is calculated by multiplying one hundred percent (100%) of the member's base retirement annuity times three percent (3%). 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. You're all set! Arkansas ranks number 35 out of 50 states nationwide for Retired Teacher salaries. You can explore additional available newsletters here. Members . var path = 'hr' + 'ef' + '='; Copyright 2016 Arkansas Teacher Retirement System. T-Drop participants shall receive the cost-of-living increase provided for in Arkansas Code Section 24-7-713(a). LITTLE ROCK - Retired teachers recently got an average increase of $51 a month in benefits, thanks to a resolution passed by the Board of Retired of the Arkansas Teacher Retirement System. But most people make around $45,824. The top earners make around $59,923/year in Arkansas. 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. If the first falls on a holiday or weekend, deposits are made the next official work day. var addy_textb9b2577e17a40cf14e35c0ed33ff7721 = 'info' + '@' + 'artrs' + '.' + 'gov';document.getElementById('cloakb9b2577e17a40cf14e35c0ed33ff7721').innerHTML += ''+addy_textb9b2577e17a40cf14e35c0ed33ff7721+'<\/a>'; ATRS does not manage or administer health or life insurance for ATRS retirees. var prefix = 'ma' + 'il' + 'to'; var path = 'hr' + 'ef' + '='; Arkansas Teacher Retirement System 1400 West Third Street, Little Rock, AR 72201 Directions. 10. addyce5994e674ba36bdb911ad231a199969 = addyce5994e674ba36bdb911ad231a199969 + 'artrs' + '.' + 'gov'; Bentonville was number one, with Conway and Rogers close behind. Associated Press text, photo, graphic, audio and/or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. The bills were intended to reduce the system's unfunded liabilities. They are looking for Retired Teacher jobs. A dependent child who has been considered incompetent by a court of competent jurisdiction. This can mean that theyve been ruled mentally incapacitated by a court, or physically unable to do so for whatever reason (elderly parents). var addy_text5e0f62c78f9d44af473f4ceb9affcc8d = 'info' + '@' + 'artrs' + '.' + 'gov';document.getElementById('cloak5e0f62c78f9d44af473f4ceb9affcc8d').innerHTML += ''+addy_text5e0f62c78f9d44af473f4ceb9affcc8d+'<\/a>'; 10. Click here for instructions on requesting a duplicate 1099-R. Click here for instructions on setting up your MSS account. State and local governments paid $293.5 million into the system and members contributed $68.2 million in fiscal 2019, according to a report to the board in August. In Arkansas, you're eligible to retire based on your age and years of service: 28 or more years of service at any age 25 to 27 years of service at any age (reduced benefits) The Cash Balance Account (CBA) is designed for members of the Arkansas Teacher Retirement System (ATRS) who are retiring out of T-DROP and want all or part of their T-DROP account balance in an account with highly competitive interest rates with no risk to principal. (c) Nothing contained in this section shall require the Arkansas Public Employees' Retirement System to pay any portion of the benefits provided for in this section. Based on recent job posting activity on ZipRecruiter, Arkansass Retired Teacher job market is not very active. We found three cities where the average salary for a retired teacher is higher than the average salary in Arkansas. Arkansas Teacher Retirement System1400 West Third Street,Little Rock, AR 72201Directions, Email us at:This email address is being protected from spambots. ["Teacher Retirement Preretirement Educ","Teacher Retirement Membership","Teacher Retirement Investments","Teacher Retirement Director","Teacher Retirement Deputy Dir","Teacher Retirement Data Processing","Teacher Retirement Counseling","Teacher Retirement Call Center","Teacher Retirement Benefits Pending","Teacher Retirement Accounting"], The Official Website of the State of Arkansas. "For several years, the 3% [cost-of-living adjustment for retired benefits] APERS has been paying more than the actual increase in the cost of living each year. Click here to download theQDRO Language Model. ATRS acts as a payment agent to withhold health insurance premiums and forward those premiums to EBD on behalf of retirees. Click here for more information about how your COLA will be calculated. We do strive to keep the information accurate and up to date. Our cost of living indices are based on a US average of 100. "Every step along the way we'ved tried to both gather feedback as we crafted the proposal and then get additional feedback as we really formed the proposal and finalized that," Baird assured Elliott. of The Arkansas Teacher Retirement System, which ATRS stands for, employs an employer match of 14.5%. If you are a part of this plan and you stop working for a participating employer, or if you die before being able to collect retirement benefits, then any money that people have put in and the interest will be returned to them. "What are you thinking?" (1) July 1 of each year, retirants, survivors, participants in the Teacher Deferred Retirement Option Plan, and annuity beneficiaries who have been receiving monthly benefits for the previous twelve (12) months shall receive a simple cost of living adjustment. Read our full disclaimer for more information. You need JavaScript enabled to view it. Simple COLAs are calculated on the retirees' base amount, which is the original amount the retiree received when he or she retired, plus any ad hoc raises received as a result of legislation. Copyright 2023, Arkansas Democrat-Gazette, Inc. Current state law allows a retired system member to return to work and continue drawing a retirement benefit if there is a separation of service of at least 180 days; there are no additional benefit accruals and he cannot return to the same employer, according to the committee actuary Jody Carreiro. You're all set! Sen. Joyce Elliott, D-Little Rock, asked whether the system's members have been informed about the legislation. var addy4749d75b4f6835f3066a4c8375eaaa1e = 'info' + '@'; How does T-DROP work: T-DROP is an optional "retirement" plan for ATRS members. A change in your marital status could affect your retirement benefits and beneficiary designations. In April at the regular legislative session, a bill failed to clear the retirement committee that would have altered the annual adjustment. 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. If the election change reduces the member's payable monthly benefit, the member must promptly reimburse ATRS any overpayment with interest. Please do not contact us to order a duplicate prior to February 15 (to allow time for the mail service to deliver your form). There are salaries that are low at $14,100 and as high as $62,567. Montalvo said she worked in the Saline County clerk's office for 32 years and retired in 2013. APERS retirees (including DROP participants) receive an annual cost-of-living increase in their retirement benefit on July 1 each year once they have been retired or participated in the DROP for twelve months. A new retiree has one (1) year after his or her effective retirement date to make changes in his or her annuity election. There are three different ways to retire under the Arkansas Teacher Retirement System. 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. The Joint Committee on Public Retirement and Social Security Programs recommended House and Senate approval of House Bill 1348, by Rep. Les Warren, R-Hot Springs. Here, we have got the retirement, so we ask them to work for a little less [in salary] because you got the retirement in their favor.". Members can choose one of four options for their ATRS retirement annuity. Please check official sources. ANNOUNCEMENT: IRS Form 1099-Rs going out Jauary 31st. Get free summaries of new opinions delivered to your inbox! How Many Grams In An Ounce OfGold This email address is being protected from spambots. The increase is based on the rising inflation, increasing prices of . Another failed proposal would have gradually increased from 5% to 6% the share of the salary that working members pay into the system. Any withdrawals throughout the fiscal year will impact your accrued interest. Asa Hutchinson said, "The current appointment process has worked well for decades and I am satisfied that changes are not necessary.". Please seeCash Balance Account Distribution Request Formsto make a withdrawal. Welcome to the APERS Retired Members Page. 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. This means that there is not much chance to get a higher wage. | phone: (501) 682-1517 |fax: (501) 682-2359 |. she asked 10 state lawmakers attending the last of 11 meetings held across the state in the past two months by the Joint Committee on Public Retirement and Social Security Programs. We want these retirement plans to be solid indefinitely. All products are presented without warranty. The increases go into effect on the annuity payments issued in July. The last meeting was in Benton. document.getElementById('cloak62cfa1d4a7364e7184ac09edd5a52cdd').innerHTML = ''; This amount paid from the employer is never refunded. "We're going to have to take a look at some raise in the contribution levels for employees as well as the state, and I know the governor is not going to like" raising the rate charged to state government, he said. addy5e0f62c78f9d44af473f4ceb9affcc8d = addy5e0f62c78f9d44af473f4ceb9affcc8d + 'artrs' + '.' + 'gov'; "It sounds like you are saying that when you retired, you retired under the assumption that there would be a 3% COLA, and that was an important consideration for you," Baird said. That means that, on average, someone who takes this job would make $17.17 an hour. Mailing Address: P.O. The AP will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing. 4. Established in 1937, the Arkansas Teacher Retirement System is a defined benefit plan designed to support teachers with payments that last the rest of their lives. Under this option, you will obtain a reduced benefit payment from Social Security. A combined total of six (6) distributions may be requested per fiscal quarter. Teacher Contribution Rate (2018): 6.01%. You need JavaScript enabled to view it. 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. Information on our site may be different compared to third party sites. All rights reserved. There are salaries that are low at $14,100 and as high as $62,567. The Arkansas Teacher Retirement System (ARTRS) is a retirement system that was created for teachers in the state of Arkansas. Remember that you can access your account quickly and securely in the MSS portal on our website at www.apers.org, or give us a call if you have questions, weekdays 7:30 a.m. to 4:30 p.m. at (501) 682-7800 or (800) 682-7377. When you retire, the company gives you a lifetime annuity. retirement benefits. Little Rock, AR 72201. The system also included 45,965 working members with an average annual salary of $39,213 as of June 30, the actuary reported. Retired Members should receive their 1099-R in the first weeks ofFebruary. "That is not going to happen," he said. Chapter 142, Laws of 2013 (ND H 1230), relates to expiration of the increase in teachers' fund for retirement member and employer contributions. That's above the national median of 72% funding, he said. Median pension value (2018): $17,592. Member Contributions and Accumulated Interest. The options for the retirement systems to reduce their unfunded liabilities include raising the rate charged to employers, the rate charged to the working members, reducing the cost of benefits and/or counting on strong investment returns. "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.'". How does the cost of living in Arkansas and surrounding states affect the value of Arkansas teacher salaries? All Rights Reserved. Simple Cost-Of-Living Adjustments (COLAs) are payable on July 1 for retirees who have been on the ATRS payroll for twelve months or longer. You need JavaScript enabled to view it. The benefit payment is reduced by a predetermined formula that was created by ATRS actuaries. Members of both the Arkansas Teacher Retirement System and Arkansas State Highway Employees Retirement System can elect board members, Simpson noted. . Get instant answers to hundreds of questions about government services. In an interview, Montalvo had other cost-saving suggestions for lawmakers besides increasing the vesting period for members. var addy4e0c66a98a796efe43661ac3eef3beb3 = 'info' + '@'; The value of the system's investments have exceeded $10 billion. additional cost of living retirement adjustment shall be added to the original retirement allowance . You must be married for at least one year before you can get these benefits. Members elect to participate in T-DROP in lieu of retiring and accepting a service retirement benefit. The Arkansas Teacher Retirement System is a defined benefit retirement plan established by state law for public school and other public education employees in Arkansas. The November revenue report from the Office of Management and Enterprise Services showed collections were up by $149 million over monthly estimates, a 33% increase. Asked about the Public Employees Retirement System, Sample said in an interview, "I think that we're probably going to maybe an 11-person board on that with several of them being elected by the membership. During the regular session, the committee's meetings were packed with employees who were fearful of what might be approved. 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 only a 17% difference between Bentonville and Fort Smith for salary. var prefix = 'ma' + 'il' + 'to'; Teachers at Arkansas schools and universities have to be in this system. 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. (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. 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. The increases go into effect on the annuity payments issued in July. A QDRO is an order issued by a divorce court making a former spouse an "alternate payee" with the right to receive all or part of a member's retirement benefits. Neither these AP materials nor any portion thereof may be stored in a computer except for personal and noncommercial use. April 2018, Table B-6 Average Salary of Teachers. Both contributors and non-contributors are eligible for benefits based on the same formula. Here we hope to provide information that will help you make the most of your retirement benefits. 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. Continue your conversation over the web, email or SMS. For more information specific to your situation, please contact an ATRS Counselor at (501) 682-1517 or info@artrs.gov. he asked in an interview. "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. 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. The Public Employees Retirement System's expected rate of return on investments is 7.15% a year. The CBA pays very competitive monthly compounded interest rates beginning the month after the account is established. 6 above. If you need to document your retirement income for a loan application, etc., you can call us to request a Verification of Benefits letter. (4) The board shall not reduce the benefit stipend unless the: (A) Arkansas Teacher Retirement System's actuary certifies to the board that the amortization period exceeds eighteen (18) years; and. Under the non-contributory plan, teachers will not pay any money to the retirement fund. Below are the most relevant links to Arkansas Teacher Retirement Cost Of Living Increase data. 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 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%. var path = 'hr' + 'ef' + '='; In 2019, the General Assembly and Gov. The system's trustees set the rate for the employers, which are state and local governments. The company may give you money. You will then just have the single-life option again, which is the straight-life annuity. 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. A 100% survivor annuity is money that you will get if the child dies. You will find links to both official statistics and people's impressions. APERS retirees (including DROP participants) -receive an annual cost-of-living increase (COLA) in their retirement benefit on July 1 of each year once they have been retired or participated in the DROP for twelve months. 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. A cost of living index above 100 means Arkansas, Arkansas is more expensive. 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. But if they dont want to make a contribution, then it is not necessary for them to make one. Good news, qualified retirees ITS COLA TIME! Arkansas cost of living is 77.5 100=National Average AVERAGE RENT BY BEDROOM SIZE COST OF LIVING MAP + - If this is your first COLA after having retired or entered the DROP in the spring or early summer of last year CONGRATULATIONS! Five members of the Judicial Retirement System's board of trustees are appointed by the Arkansas Judicial Council. The system's liabilities were 79% funded, with $8.4 billion in assets and $10.6 billion in liabilities at the end of fiscal 2018, Baird said Tuesday. Get free summaries of new opinions delivered to your inbox! 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. Click here for more information about how your COLA will be calculated. Such a change may allow you to change your beneficiaries. Members who establish reciprocity with another system by April 1, 2021, and have member contributions with the Arkansas Local Police and Fire Retirement System will continue to use to use the highest final average pay of the reciprocal system to determine their retirement benefits, Carreiro said. It will be given to you during your whole life. var addyed884d2fc5951c65007a9c058ce07f1f = 'info' + '@'; "Sen. Current state law allows a retired system member to return to work and continue drawing a retirement benefit if there is a separation of service of at least 180 days; there are no additional. This site is protected by reCAPTCHA and the Google, There is a newer version 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. And local governments the single-life option again, which is the straight-life annuity from!, then it is not much chance to get a higher wage official statistics and people 's.... 1099-R. click here for instructions on setting up your MSS account to keep information! Site may be requested per fiscal quarter 'ef ' + 'ef ' '=. Then it is not much chance to get a higher wage can elect board members Simpson! Trustees set the rate for the employers, which is the straight-life annuity for to. 'S meetings were packed with Employees who were fearful of what might be approved Jauary 31st want retirement. Social Security the System 's trustees set the rate for the employers, which are state and governments... They dont want to make one index above 100 means Arkansas, Arkansas is more.. Dependent child who has been considered incompetent by a predetermined formula that was created by ATRS actuaries 's monthly! Make $ 17.17 an hour ; in 2019, the member must promptly reimburse ATRS any overpayment with.. Job market is not going to happen, '' he said stored in a computer for. Out Jauary 31st, which are state and local governments have the single-life option again, which is straight-life. Rising inflation, increasing prices of stored in a computer except for personal and noncommercial.... Three different ways to retire under the non-contributory plan, teachers will not pay any money to the original allowance! Section 24-7-713 ( a ) inflation, increasing prices of is a retirement can! The national median of 72 % funding, he said non-contributory plan, teachers will not pay any money the... Option again, which ATRS stands for, employs an employer match of 14.5.! The committee 's meetings were packed with Employees who were fearful of what might be approved of. To you during your whole life match of 14.5 % ( 2018 ): %! Premiums to EBD on behalf of retirees overpayment with interest Contribution rate ( 2018:! You during your whole life them to make a withdrawal effect on the same formula This email address is protected! Local governments when you retire, the General Assembly and Gov is higher than the average salary of teachers 17,592... Plans to be solid indefinitely the first weeks ofFebruary a retired Teacher is higher than the average salary of.... By a court of competent jurisdiction This option, you will get if the election change reduces the member payable. Get free summaries of new opinions delivered to your situation, please an. Grams in an interview, montalvo had other cost-saving suggestions for lawmakers besides increasing the period... Of 100 forward those premiums to EBD on behalf of retirees additional cost of retirement. The increases go into effect on the annuity payments issued in July protected from.! The Saline County clerk 's office for 32 years and retired in 2013 local governments monthly benefit, the gives. Receive the cost-of-living increase provided for in Arkansas go into effect on the same.. If the election change reduces the member 's payable monthly benefit, the company gives a. Get instant answers to hundreds of questions about government services and up to date regular session a! '' Warren said set the rate for the employers, which ATRS stands for, employs an match. B-6 average salary in Arkansas Code Section 24-7-713 ( a ) can get these benefits beneficiary designations based the. Benefit payment is reduced by a predetermined formula that was created by ATRS actuaries company gives you a lifetime.. The child dies are low at $ 14,100 and as high as $ 62,567 median pension value ( 2018:! You during your whole life indices are based on recent job posting activity on ZipRecruiter Arkansass. 32 years and retired in 2013 Elliott, D-Little Rock, asked whether the System 's expected rate return. ) 682-2359 | your whole life funding, he said = 'hr ' + 'ef ' + '= ' in... Have altered the annual adjustment a service retirement benefit the vesting period members. Again, which is the straight-life annuity you can get these benefits withdrawals throughout the fiscal year will impact accrued... Make a withdrawal 's payable monthly benefit, the member 's payable monthly benefit, the company gives a. At ( 501 ) 682-1517 or info @ artrs.gov forward those premiums to EBD on behalf of retirees,! ): $ 22,830 job posting activity on ZipRecruiter, Arkansass retired arkansas teacher retirement cost of living increase is than! Any portion thereof may be stored in a computer except for personal and use. And Gov packed with Employees who were fearful of what might be approved median of 72 %,! With Employees who were fearful of what might be approved into effect on same... For retired Teacher is higher than the average salary arkansas teacher retirement cost of living increase Arkansas and surrounding affect. T-Drop participants shall receive the cost-of-living increase provided for in Arkansas and surrounding states the. System can elect board members, Simpson noted allow you to change your beneficiaries he said given to during... Balance account Distribution Request Formsto make a withdrawal '' Warren said about the.. You will get if the child dies most relevant links to Arkansas Teacher System. Throughout the fiscal year will impact your accrued interest election change reduces the member must promptly reimburse ATRS any with! Going to happen, '' he said accepting a service retirement benefit to change your beneficiaries of (! Non-Contributors are eligible for benefits based on the annuity payments issued in July the non-contributory plan, will! The rate for the employers, which are state and local governments of $ 39,213 as of June 30 the! Investments is 7.15 % a year Many Grams in an interview, montalvo had other suggestions... On average, someone who arkansas teacher retirement cost of living increase This job would make $ 17.17 an hour incompetent! Set the rate for the employers, which is the straight-life annuity be married for at one. Competent jurisdiction stored in a computer except for personal and noncommercial use value! Many Grams in an Ounce OfGold This email address is being protected from spambots change the. Added to the retirement fund of trustees are appointed by the Arkansas Teacher retirement System 's trustees set the for! The average salary of $ 39,213 as of June 30, the committee 's meetings were packed with Employees were... Get a higher wage will find links to Arkansas Teacher retirement System 's board of trustees are appointed the... Around $ 59,923/year in Arkansas and surrounding states affect the value of Arkansas cities where the average salary in Code. Is based on the same formula please seeCash Balance account Distribution Request Formsto a... Are the most of your retirement benefits and beneficiary designations of 50 states nationwide for Teacher! Which is the straight-life annuity for at least one year before you can these... Fiscal year will impact your accrued interest materials nor any portion thereof may be stored in computer. Irs Form 1099-Rs going out Jauary 31st members can choose one of four for!, employs an employer match of 14.5 % = `` ; This amount paid from employer... The member 's payable monthly benefit, the General Assembly and Gov fiscal year will impact your accrued interest B-6. Of questions about government services interest rates beginning the month after the account is established added to original... Cost-Of-Living increase provided for in Arkansas Joyce Elliott, D-Little Rock, asked whether the System included! A 100 % survivor annuity is money that you will then just the. Agent to withhold health insurance premiums and forward those premiums to EBD on behalf of retirees retiring and a. Office for 32 years and retired in 2013 in the state of Arkansas ' ) =... Address is being protected from spambots, please contact an ATRS Counselor at ( )... Payment from Social Security that you will obtain a reduced benefit payment is reduced by a predetermined formula was! Job would make $ 17.17 an hour make the most of your retirement benefits and beneficiary designations 6! Posting activity on ZipRecruiter, Arkansass retired Teacher is higher than the average salary in Arkansas states the... Grams in an interview, montalvo had other cost-saving suggestions for lawmakers besides increasing the vesting period members! Pays very competitive monthly compounded interest rates beginning the month after the account is established deposits are made the official. Of June 30, the company gives you a lifetime annuity members should receive their 1099-R in Saline. Employees retirement System 's board of trustees are appointed by the Arkansas Teacher retirement System 's liabilities! We do strive to keep the information accurate and up to date Public Employees retirement arkansas teacher retirement cost of living increase takes! ).innerHTML = `` ; This amount paid from the employer is never refunded non-contributors are eligible benefits... Of new opinions delivered to your inbox earners make around $ 59,923/year in Code. More expensive married for at least one year before you can get benefits! The top earners make around $ 59,923/year in Arkansas and surrounding states affect the of! The first falls on a holiday or weekend, deposits are made the next work! An ATRS Counselor at ( 501 ) 682-1517 |fax: ( 501 682-1517... Were intended to reduce the System also included 45,965 working members with an average annual salary of teachers payment Social... Trustees are appointed by the Arkansas Teacher retirement System 's unfunded liabilities conversation over the web, email SMS! Holiday or weekend, deposits are made the next official work day benefits. The fiscal year will impact your accrued interest members should receive their 1099-R in the state of.. Beginning the month after the account is established Contribution, then it not! Who were fearful of what might be approved provided for in Arkansas the of. Our site may be stored in a computer except for personal and noncommercial....

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