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24-4-1107. Redetermination of benefits.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-4-1107. Redetermination of benefits.
(a) Each July 1 the Arkansas Public Employees' Retirement System shall redetermine the amount of each monthly benefit that has been payable by the system for at least twelve (12) calendar months. The redetermined amount is payable for the following twelve (12) calendar months.
(b) The redetermined amount is the amount of the benefit payable as of the immediately preceding July 1 increased by three percent (3%).
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-4-1107
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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Record provenance
Stable record: arkansas_code:legal_authorities:24-4-1107
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: fe80c0995614448d58b681ef9990440e7156b9df1767b5eac287829154f006b7
Source location: content.xml paragraph 3412
Stored source content
24-4-1107. Redetermination of benefits.
(a) Each July 1 the Arkansas Public Employees' Retirement System shall redetermine the amount of each monthly benefit that has been payable by the system for at least twelve (12) calendar months. The redetermined amount is payable for the following twelve (12) calendar months.
(b) The redetermined amount is the amount of the benefit payable as of the immediately preceding July 1 increased by three percent (3%).
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