075.00.2-15. Qualified Domestic Relations Orders (QDRO's)
AR ADC 075.00.2-15Arkansas Administrative CodeEffective: December 2, 2019
Effective: December 2, 2019
Ark. Admin. Code 075.00.2-15
075.00.2-15. Qualified Domestic Relations Orders (QDRO's)
In accordance with Act 1143 of 1993, the Arkansas State Police Retirement System (ASPRS) will comply with Qualified Domestic Relations Orders (QDRO's) issued by Chancery Courts in the State of Arkansas that meet the following conditions:
2. The QDRO, as specified in Section 1. (3)(c) of Act 1143, does not require ASPRS to provide any type or form of benefit, or pay options not otherwise available under the Plan, does not require the Plan to provide increased benefits, and does not require the payment of benefits to an alternate payee which are required to be paid to another alternate payee under another Order previously determined to be a Qualified Domestic Relations Order.
5. Payments to the alternate payee shall commence on the earlier event: (1) ceases employment in a covered position and requests a refund of contributions; (2) when the participating member begins participation in the Deferred Retirement Option Plan (DROP); or, (3) when the participating member retires.
In those instances where the alternate payee selects alternative B. under Section III. (Duration of Payments to Alternate Payee) of the model QDRO, the actuary will use the following guidelines in computing an equivalent benefit to be paid for the alternate payee's lifetime:
Credits
May 2004.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 075.00.2-15, AR ADC 075.00.2-15
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