- (a) If survivor annuity benefits are payable by more than one (1) reciprocal system to one (1) or more eligible survivors of a deceased qualifying member, the survivors shall not receive, as a percentage of the qualifying member’s final pay or as a minimum dollar amount, more than the largest amount payable by a single reciprocal system.
(b)
- (1) The Arkansas Teacher Retirement System shall prorate minimum benefits payable with any other reciprocal system that has a minimum benefit provision.
(2)
- (A) A reciprocal system shall pay the reciprocal system’s proportionate share of the minimum benefit amount.
- (B) A reciprocal system’s proportionate share of the minimum benefit amount shall be based on the ratio of the qualifying member’s service in the reciprocal system to the qualifying member’s total service in all other reciprocal systems.
- (c) When a member elects to transfer from the Arkansas Teacher Retirement System to the Arkansas Public Employees’ Retirement System under the provisions of Acts 1977, No. 793, the Arkansas Public Employees’ Retirement System’s law shall govern the survivors’ eligibility for a payment of residue or survivor annuity benefits upon the member’s death.