Section 24-8-216 - Eligibility for benefits - Early retirement(a) Any judge of a circuit or chancery court who has fourteen (14) years or more of credited service in the Arkansas Judicial Retirement System, established by Acts 1953, No. 365, may elect to retire and receive retirement benefits under the provisions of Acts 1953, No. 365, at any time after reaching sixty-two (62) years of age and before reaching sixty-five (65) years of age.(b) The retirement benefits of any circuit or chancery judge electing to retire before sixty-five (65) years of age shall be reduced six percent (6%) for each full year and proportionately for any part of a year that the judge retires before reaching sixty-five (65) years of age.Acts 1979, No. 648, § 1; A.S.A. 1947, § 22-902.3.