- (a) The Arkansas Teacher Retirement System staff shall notify the Board of Trustees of the Arkansas Teacher Retirement System of a resignation or vacancy by other cause in a trustee position as soon as possible after staff has knowledge of the resignation or vacancy.
- (b) The board shall take appropriate action authorized by law to fill the vacancy.
(c)
- (1) The board by majority vote may appoint a trustee until the next system election.
- (2) The appointment of a trustee shall be effective as of the date on which the trustee is appointed by the board.
(d)
- (1) A special election to fill a trustee position caused by resignation or vacancy by other cause shall be scheduled and held if the board by majority vote determines that the vacancy should be filled by a special election.
(2) If an elected trustee position is declared vacant by the board and the board determines that the vacancy should be filled by a special election, the system shall:
- (A) Publish notice that a special election will be held; and
- (B)
(i) Announce the schedule for the special election.
- (ii) The schedule for the special election shall include the following:
- (a) (a) The date the vacancy occurred and position being vacated;
(b) (b) The time period for circulating petitions for nominating signatures;
(c) (c) The deadline for filing petitions with the system;
- (d) (d) The date the system will verify the validity of petitions;
- (e) (e) The date ballots will be sent to eligible voters;
- (f) (f) The election date; and
(g) (g) The date the term shall begin.
- (3) The system may publish public notices related to a special election in accordance with the rules governing a regular election of the system.