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24-6-505. Benefits — Rate of return.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-6-505. Benefits — Rate of return.
A participant in the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan:
(1) Shall not have a change in his or her monthly retirement benefit unless the plan receives a benefit increase; and
(2)(A) Shall earn interest at a rate set by the Board of Trustees of the State Police Retirement System that shall not be greater than five percent (5%) nor less than one percent (1%) per annum as determined by the board from time to time as promulgated by rule.
(B) The interest shall be credited to the individual plan account balance of the participant on an annual basis.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-6-505
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:24-6-505
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: c084793b474127bcd19e062f5958799b6f3ed3012c64552c9e3bbe24d16afcbf
Source location: content.xml paragraph 5108
Stored source content
24-6-505. Benefits — Rate of return.
A participant in the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan:
(1) Shall not have a change in his or her monthly retirement benefit unless the plan receives a benefit increase; and
(2)(A) Shall earn interest at a rate set by the Board of Trustees of the State Police Retirement System that shall not be greater than five percent (5%) nor less than one percent (1%) per annum as determined by the board from time to time as promulgated by rule.
(B) The interest shall be credited to the individual plan account balance of the participant on an annual basis.
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