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24-12-131. Monthly benefit increase.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-12-131. Monthly benefit increase.
Any former mayor of a municipality having a population of not fewer than twenty-one thousand eight hundred (21,800) nor more than twenty-two thousand eight hundred (22,800) according to the 1990 Federal Decennial Census who is receiving a monthly retirement annuity of two hundred fifty dollars ($250) from a municipality shall receive an increase to three hundred dollars ($300) per month effective July 1, 1999. Thereafter, the municipality shall redetermine the amount of the monthly benefit each January 1. The redetermined amount shall be payable for the following twelve (12) calendar months. The redetermined amount shall be the amount of the benefit payable as of the immediately preceding December 1 increased by three percent (3%).
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-12-131
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Stable record: arkansas_code:legal_authorities:24-12-131
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 36704cca6c73e1b4a8b7a1945bc60efcfabf05b6bea14bf9baeaaac67df21a10
Source location: content.xml paragraph 13286
Stored source content
24-12-131. Monthly benefit increase.
Any former mayor of a municipality having a population of not fewer than twenty-one thousand eight hundred (21,800) nor more than twenty-two thousand eight hundred (22,800) according to the 1990 Federal Decennial Census who is receiving a monthly retirement annuity of two hundred fifty dollars ($250) from a municipality shall receive an increase to three hundred dollars ($300) per month effective July 1, 1999. Thereafter, the municipality shall redetermine the amount of the monthly benefit each January 1. The redetermined amount shall be payable for the following twelve (12) calendar months. The redetermined amount shall be the amount of the benefit payable as of the immediately preceding December 1 increased by three percent (3%).
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