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24-8-223. Redetermination of benefits.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-8-223. Redetermination of benefits.
(a) Each July 1 the Arkansas Judicial Retirement System shall redetermine the amount of each monthly benefit which has been payable by the system for at least twelve (12) full calendar months. The redetermined amount shall be payable for the following twelve (12) calendar months.
(b) The redetermined amount shall be the amount of benefit payable as of the immediately preceding July 1 increased by three percent (3%).
(c) This method of redetermination of the amount of the retirement benefits shall be applicable to any judge first elected after July 1, 1983.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-8-223
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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Stable record: arkansas_code:legal_authorities:24-8-223
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 9a5327f9adfa69b46811c552abb23616793fac48aa26d4056de551ec46f4f870
Source location: content.xml paragraph 8677
Stored source content
24-8-223. Redetermination of benefits.
(a) Each July 1 the Arkansas Judicial Retirement System shall redetermine the amount of each monthly benefit which has been payable by the system for at least twelve (12) full calendar months. The redetermined amount shall be payable for the following twelve (12) calendar months.
(b) The redetermined amount shall be the amount of benefit payable as of the immediately preceding July 1 increased by three percent (3%).
(c) This method of redetermination of the amount of the retirement benefits shall be applicable to any judge first elected after July 1, 1983.
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