About the Annual Member Statement

All APERS members who were active during the last quarter (April - June) of fiscal year 2018 will receive an Annual Member Statement.

The statements are generally mailed out at the end of August and you should receive your statement in the first weeks of September. 

If you have not received your statement by mid September, please contact APERS about getting a replacement. 

In addition to the mailed copy of your statement, there is a digital copy placed in your file and can be accessed on the Member Portal on the Submit Forms/Documents screen.

FormDocscreen

 

The Member Portal entrance is located at the top of the web page.  If you haven't registered for the portal, you will need to do that first.  If you have any problems with the registration, please contact APERS for assistance. 

 

 

Reviewing Your Annual Member StatementAMS_00_SAMPLE-STMT W-BORDER.jpg

As an active member of the Arkansas Public Employees Retirement System, you have a “vested” interest in this subject, even if you aren’t officially “vested” yet  Each year, you should receive an Annual Member Statement in the mail.  It is VERY IMPORTANT that you carefully examine this document. Why?  We will eventually use this same info to calculate your retirement benefits, so it's identify any issues sooner rather than later.

This page has been created to assist you in reviewing your Member Statement. If you see any information that seems incorrect, please call APERS at (501) 682-7800 or (800) 682-7377. 

Below are illustrations and explanations for each segment of the document.  Note that the images are from a sample statement and that your actual statement will contain figures pulled from your account.

 


Section 1: Statement Information

This section indicates the statement in your hands is based on the most recently completed fiscal year (rather than the calendar year), and reminds you to review all data closely.

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 Section 2: Personal Information

This section lists your unique APERS ID, your name, birthdate, gender, and address, as well as your spouse’s information, if applicable. Note that you will need your APERS ID to register for access to the Members Self-Service portal on our website.

 

AMS 04 PersInfo

 


Section 3: Beneficiary Information

Your designated beneficiary or beneficiaries are listed in this section. Members designate a beneficiary for the contributions they have made to their accounts, either through payroll deductions (contributory members) or service credit purchases. If you have any questions, this website is always a great resource, and the APERS office is just a phone call away.

 

AMS 05 BenInfo

 


 Section 4: Employment History

This section lists your most recent employment covered under this system. You should review the employer names and dates to ensure that all eligible employment periods are listed.

 

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Section 5: Account Detail

This section will provide a a month-by-month accounting of your work and earnings for the fiscal year, July 1st through June 30th. Note these figures might differ from figures calculated for the calendar year, January 1st through December 31st.

 

AMS 07 AcctDet

 


Section 6: Account Summary

Whereas the Account Detail in Section 5 shows the service credit that you earned in the most recently completed fiscal year, this section shows the total of any service credit that you’ve earned or purchased. It also shows the current total of your employee contributions.

 AMS 08 AcctSum

 


Section 7: Reciprocal Service Summary

This section shows reciprocal systems with which you have established reciprocity.. For more information on this topic, see our Reciprocal Service Brochure.

AMS 09 Recip

 


 Section 8: Final Average Compensation (FAC)

 This section lists the three highest fiscal year compensations that your employer reported. When verifying the amounts, remember that the compensation is for the fiscal year rather than the calendar year, so it will not coincide with your W-2 earnings.  The FAC is a key figure in the calculation of your retirement benefits.

AMS 10 FAC

 


Section 9: Retirement Requirements

To retire with benefits (normal, reduced, or disability) from the system, you have to first meet the retirement requirements listed in this section.

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Section 10: Estimated Retirement Eligibility

APERS forecasts your ‘normal’ retirement date based on age OR service credit, whichever qualifies you first. This is the earliest date that you meet requirements for a normal retirement. Working beyond this point could have significant financial benefits that are worth exploring in advance, such as DROP, PAW, or even a higher benefit multiplier for long-serving members.

AMS 12 EstElig

 


Section 11: Estimated Retirement Benefit

To use the table in this section, find the column containing the closest number to your FAC; then find the number of years in the Service Column closest to the amount of service you’ve acquired. The intersection of these 2 numbers reveals the estimate of your monthly annuity. Estimates are shown for both Contributory Plan (C) and Non-contributory Plan (N) members.

AMS 13 Est Ben

 


Section 12: Member Self-Service Portal

This website contains a Member Login feature at the top of every page. The first time you use it, you’ll need to register using your APERS ID, indicated on your Member Statement as shown in Section 3 (above). Reminder: Be sure to keep your MSS password in a safe place and do not share it with anyone.

AMS 14 portal

 


Section 13: Member Information Notice

The last section is a disclaimer indicating that the statement is essentially an executive summary of your account data.

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Arkansas public employees retirement system

Here you will find information based on your role in our system, whether you are an active member, near retirement, a retired member or an APERS particpating employer.