In accordance with the provisions listed below, a person who is or was a member of the Arkansas Public Employees’ Retirement System may purchase credit for state service under a federal grant:

1. (1) The member makes a written request to the system to purchase the service;

2. (2) The member provides documentation from the state agency receiving the service and the appropriate federal agency of the:

   1. (A) Time of the service; and
   2. (B) Amount the person was paid by month;

3. (3) The Executive Director of the Arkansas Public Employees’ Retirement System determines that:

   1. (A) There is sufficient documentation; and
   2. (B) All other requirements of Arkansas Code § 24-4-517 have been met; and

4. (4)

   1. (A) The member pays or causes to be paid in a lump sum the cost of the purchase as determined by the system in accordance with Arkansas Code § 24-4-517.
   2. (B) The member may purchase all of the service, subject to the maximum stated in the act, or any portion thereof in multiples of one (1) year.

Codification Notes: This section as promulgated prior to codification into the Code of Arkansas Rules provided as follows: "406 – 1995 (5) – Purchase of Service Credit for State Service Under a Federal Grant (as amended May 1998)"