§ 24-7-302 - Term of office and vacancies.
24-7-302. Term of office and vacancies.
(a) (1) The term of office of each member-elected trustee shall be six (6) years.
(2) (A) (i) A member trustee shall be ineligible to serve after becoming inactive or upon retiring.
(ii) A member trustee who participates in the Teacher Deferred Retirement Option Plan is considered active for purposes of this subsection.
(B) A retirant trustee is ineligible to serve after becoming active.
(b) (1) (A) If any member trustee fails to attend three (3) consecutive regular meetings of the Board of Trustees of the Arkansas Teacher Retirement System, unless in each case excused for cause by the remaining trustees attending the meetings, the member trustee shall be considered to have resigned from the board, and the board shall by resolution declare his or her office of trustee vacated.
(B) A regular meeting of the board shall include one (1) or more days of official business to be considered by the board.
(2) (A) If a vacancy occurs in the office of an elected trustee, the vacancy may be filled in a special election held in accordance with the rules adopted by the board for special elections.
(B) If the board does not hold a special election, a vacancy shall be filled in the next system election held upon the expiration of a trustee's term, utilizing approved election procedures and requirements for the position.
(c) The board shall adopt its own rules and regulations pertaining to attendance and vacancies as provided in subsection (b) of this section.