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24-4-209. Interest.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-4-209. Interest.
(a) At the end of each fiscal year, the Board of Trustees of the Arkansas Public Employees' Retirement System may allow the crediting of interest at an amount to be determined on the balance at the beginning of the fiscal year in the members' deposit account and the employers' accumulation account.
(b) The board shall be required to allow regular interest at the end of each fiscal year on the year's mean balance in the retirement reserve account.
(c) The interest allowed under subsections (a) and (b) of this section shall be credited annually by the board to the accounts and shall be paid from the income account.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-4-209
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:24-4-209
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: d72240063f3ca37a9f0b49bbbca38cda9283e3a54bbb8b4335b066199ea5780b
Source location: content.xml paragraph 1703
Stored source content
24-4-209. Interest.
(a) At the end of each fiscal year, the Board of Trustees of the Arkansas Public Employees' Retirement System may allow the crediting of interest at an amount to be determined on the balance at the beginning of the fiscal year in the members' deposit account and the employers' accumulation account.
(b) The board shall be required to allow regular interest at the end of each fiscal year on the year's mean balance in the retirement reserve account.
(c) The interest allowed under subsections (a) and (b) of this section shall be credited annually by the board to the accounts and shall be paid from the income account.
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