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24-7-207. Increase in benefit amount.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-7-207. Increase in benefit amount.
(a) The Board of Trustees of the Arkansas Teacher Retirement System is authorized by this act to raise the level of benefits to the current retirants and other beneficiaries of the Arkansas Teacher Retirement System to a comparable level increase to match the increase in benefits that would accrue to active members as a result of any reduction of the calculation of “final average salary” to not less than a three-year period nor more than the five-year period in accordance with any rules the board might promulgate.
(b) The amount of any increase for retirants and other beneficiaries shall also be determined in accordance with the rules of the board as is actuarially appropriate for the system.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-7-207
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:24-7-207
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: c9a36de6076cd67ff098c28715f1ac895c78ed516260a22b8311785eafa496fa
Source location: content.xml paragraph 5517
Stored source content
24-7-207. Increase in benefit amount.
(a) The Board of Trustees of the Arkansas Teacher Retirement System is authorized by this act to raise the level of benefits to the current retirants and other beneficiaries of the Arkansas Teacher Retirement System to a comparable level increase to match the increase in benefits that would accrue to active members as a result of any reduction of the calculation of “final average salary” to not less than a three-year period nor more than the five-year period in accordance with any rules the board might promulgate.
(b) The amount of any increase for retirants and other beneficiaries shall also be determined in accordance with the rules of the board as is actuarially appropriate for the system.
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