(1) A person's initial status as a contributory or noncontributory member of the Arkansas Teacher Retirement System shall be determined by the law in effect at the time the person became a member of the system.
(2) All service rendered before July 1, 1986, is contributory service.
(b)
(1) A member's contributory status is irrevocable once the member becomes a contributory member of the system.
(2) A contributory member shall not elect to become a noncontributory member.
(c) A contributory election is valid if the contributory election is:
(1) Made on an election form provided by the system; and
(2) Signed by both the member and the covered employer.
(d)
(1) If a member makes a contributory election before the preparation of his or her first salary payment in the fiscal year, the contributory election is effective immediately.
(2) If a member makes a contributory election after the preparation of his or her first salary payment in the fiscal year, the contributory election is effective July 1 of the next fiscal year.