Final average salary (FAS) means the average of the remuneration paid to a member by a participating employer during
the fiscal year ending June 30 as defined in ATRS Rule 7 (I.) Calculation of Final Average Salary
Active members as of June 30, 2018, will receive a three (3) year final average salary benchmark. Beginning July 1, 2018, the higher of the three (3) year benchmark or five (5) year final average salary will be used for the calculation of benefits at retirement or entry into T-DROP.
Inactive members' benefits will be calculated using a five (5) year final average salary.
Additionally per ACA § 24-7-736, salaries used in the calculation of final average salary are ordered from lowest to highest by remuneration. No salary shall exceed 110% of the previous highest salary (also known as anti-spiking) unless the differential between the salaries is less than $5,000.00.
Please contact us for more information or help in calculating a final average salary.
Welcome to the ATRS website.
We are making it easier than ever to plan for retirement and conduct your business with ATRS through our web site. If you are already a registered user of our website, you may log in now by entering your username or email address and your password into the Registered User Login form below and clicking the Log In button. If you wish to subscribe to the Executive Director Updates newsletter, you must login first and then modify your newsletter subscription. By logging into this site you agree to all the terms & conditions.
New to the ATRS website?
Registering is easy. Registration on our website is required to sign up and manage your subscription to the Executive Director Update newsletter.
Registered users who are also verified ATRS members will be able to access limited membership information and an updated version of the Benefit Estimator application. Employers have access to monthly and quarterly processing applications through our ATRS Employer Portal. If you do not have an account on this website, you may create one by using the Register Now link on this page.
Non-ATRS members who wish to calculate an estimate of retirement benefits may use the "Worksheet For Estimating ATRS Benefits" PDF file available on our Retirement Forms page. Verified ATRS members may also use this worksheet but have special access to the Benefit Estimator application which is available on the "My Account" menu after logging in.
The multiplier used in the calculation of a Benefit Annuity is determined based on the following criteria:
Retiring with 10 years or more of actual/reciprocal service:
Contributory: | 2.15% |
Non-Contributory: | 1.39% (for service through 6/30/2019) |
1.25% (for service beginning 7/1/2019) |
Retiring with less than 10 years of actual/reciprocal service:
Contributory: | 2.15% (for service through 6/30/2018) |
1.75% (for service after 7/1/2018) | |
Non-Contributory: | 1.39% (for service through 6/30/2018) |
1.00% (for service after 7/1/2018) |
Please contact us if you have questions about how multipliers are used or how to identify which multiplier would be used in the calculation of your Benefit Annuity.
Arkansas Teacher Retirement System
1400 West Third Street
Little Rock, AR 72201
PARKING:
Free parking is provided for all visitors. The parking lot is located off of Woodlane Street. Just look for the sign that says Arkansas Teacher Retirement System Visitor Parking.
DIRECTIONS:
From the West: From I-430, follow signs for Downtown/I-630/Baptist Med. Center/University Ave and merge onto I-630 East. Take exit 2B toward Marshall Street / Dr. Martin Luther King Jr. Drive. Turn left at Marshall Street. Turn right at West 7th Street. At the next traffic light turn left on Woodlane Street. Turn right at West 4th Street. Turn left at South Victory Street. Turn left at West 3rd Street. Turn right at Woodlane Street.
From the East: From I-30, take exit 139B to merge onto I-630 West. Take exit 2B for Dr. Martin Luther King Jr. Drive. Turn right at Dr. Martin Luther King Jr. Drive. Continue on Woodlane Street. Turn right at West 4th Street. Turn left at South Victory Street. Turn left at West 3rd Street. Turn right at Woodlane Street.