§ 24-7-301 - Board of trustees -- Members.
24-7-301. Board of trustees -- Members.
The general administration and responsibility for the proper operation of the system and for making effective the provisions of this act are vested in a board of trustees of fifteen (15) persons as follows:
(1) The Bank Commissioner, the Treasurer of State, the Auditor of State, and the Commissioner of Education shall be ex officio trustees;
(2) (A) Seven (7) members shall be elected member trustees, each of whom shall have at least five (5) years of actual service in force and be an active member. For the purpose of this section and 24-7-302, participants in the Teacher Deferred Retirement Option Plan shall be considered active members.
(B) Four (4) member trustees shall be employed in a position that requires state licensure, but not an administrator's license. One (1) member trustee will be elected from each of the four (4) congressional districts. The four (4) member trustees shall be elected by the members employed in positions that require state licensure, but not an administrator's license.
(C) Two (2) member trustees shall be employed in a position requiring an administrator's license, one (1) of whom must be a superintendent. These two (2) member trustees shall be elected by members employed in positions requiring administrator licensure.
(D) One (1) member trustee shall be employed in a position not requiring state licensure. This member trustee shall be elected by members employed in positions not requiring state licensure;
(3) One (1) trustee shall be a person of a minority racial ethnic group who is either an active or retired member of the Arkansas Teacher Retirement System and shall be elected from the active and retired membership of the system;
(4) (A) Three (3) retirants shall be elected retirant trustees by the retirees of the system.
(B) Each retirant trustee shall be a retirant with an annuity being paid by the system at the beginning of his or her term of office; and
(5) The member and retirant trustees shall be elected in accordance with rules as have been adopted by the board to govern the elections.