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24-6-304. Benefits — Rate of return.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-6-304. Benefits — Rate of return.
(a) The member's monthly retirement benefit shall not change unless the Arkansas State Police Officers Deferred Option Plan receives a benefit increase.
(b)(1) A member who participates in the plan shall earn interest at a rate set by the Board of Trustees of the State Police Retirement System that shall not be greater than the actuarially assumed investment rate of return for that time.
(2) The interest shall be credited to the individual account balance of the member on an annual basis.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-6-304
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:24-6-304
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 572d180e6642a8421d6211cec675f701e8dfea852fa652892f2397759b81f07d
Source location: content.xml paragraph 4796
Stored source content
24-6-304. Benefits — Rate of return.
(a) The member's monthly retirement benefit shall not change unless the Arkansas State Police Officers Deferred Option Plan receives a benefit increase.
(b)(1) A member who participates in the plan shall earn interest at a rate set by the Board of Trustees of the State Police Retirement System that shall not be greater than the actuarially assumed investment rate of return for that time.
(2) The interest shall be credited to the individual account balance of the member on an annual basis.
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