EMPLOYER GUIDE - Arkansas Public Employees Retirement System - apers 2025

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Voluntary Retirement Scheme (VRS) is an initiative that companies use to reduce their workforce by asking the employees to retire earlier. The normal retirement age in India is between 58 to 60 years. However, employees who have completed ten years of service or are above 40 years may retire by opting for VRS.
Age 65 with at least 5 years of service, any age with 28 years of service, or age 60 with 20 years of service (contributory members prior to 07/01/2005). Early Retirement: Age 55 with at least 5 years of service, any age with 25 years of service, or up to 10 years before normal retirement age.
APERS provides retirement benefits for state employees. The system provides a defined benefit (DB) pension, a retirement plan that typically offers a modest but stable monthly retirement income that lasts the remainder of a retirees life.
Per Act 365 of 2021, all contributory members contribution rate will change from 5% to 7% in 0.25% increments over 8 years, beginning on July 1, 2022.
ELIGIBILITY/QUALIFICATIONS Any active or inactive member who attains age 60 and has five (5) or more years of actual and reciprocal service may voluntarily retire upon written application filed with the System.
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If you are vested for an APERS benefit (you have five years of actual service), you are entitled to a retirement annuity upon meeting eligibility criteria. For most individuals, applying for normal retirement without any reduction for age or service is possible at age 65 or at any age with 28 years of actual service.

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