1. (a) In accordance with Acts 1993, No. 1143, the State Police Retirement System will comply with qualified domestic relations orders (QDROs) issued by chancery courts in the State of Arkansas that meet the following conditions:

   1. (1) The QDRO is issued in accordance with all provisions of the model QDRO adopted by the Board of Trustees of the State Police Retirement System;

   2. (2) The QDRO, as specified in Section 1(3)(c) of Acts 1993, No. 1143, does not require:

      1. (A) The system to provide any type or form of benefit or pay options not otherwise available under the plan;
      2. (B) The plan to provide increased benefits; and
      3. (C) 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;
   3. (3) The QDRO is issued on or after the effective date of Acts 1993, No. 1143;
   4. (4) The system will review QDROs for compliance with this section and notify appropriate parties of its findings; and

   5. (5) Payments to the alternate payee shall commence on the earlier event when the member:

      1. (A) Ceases employment in a covered position and requests a refund of contributions;
      2. (B) Begins participation in the deferred retirement option plan (DROP); or
      3. (C) Retires.

2. (b) 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:

   1. (1) The interest rate will be the valuation rate;
   2. (2) The mortality table will be the "50/50 Table"; and
   3. (3) The age used in the computation shall be the attained age at the last birth date prior to the effective date of the QDRO.

Codification Notes: This section as promulgated prior to codification into the Code of Arkansas Rules provided as follows: "BOARD RULE 15 -May 2004 - Qualified Domestic Relations Orders (QDRO's)"