{"data":{"id":"us-ar/ark.-code-ann.-24-5-114","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 24-5-114","heading":"Eligibility for benefits - Early retirement","body":"(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. (b) (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) 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. Acts 1949, No. 454, § 11; 1981, No. 295, § 11; 1985, No. 379, § 2; A.S.A. 1947, § 76-1911; Acts 1997, No. 347, § 5; 1997, No. 1053, § 16.\n\n(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.\n\n(b) (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) 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.\n\n(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.\n\n(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.","path":["AR Code","Title 24","Chapter 5","Subchapter 1"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"7bb2ed0a3348ab392e2b0ca98abf92661a2b428cd426418744315a57997a697c","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-24-5-113","next":"us-ar/ark.-code-ann.-24-5-115"},"notice":"GroundRules: Original legal text. Not legal advice."}