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Arkansas Code Title 24. Retirement and Pensions § 24-6-219. Benefits--Redetermination of benefits

Current as of March 28, 2024 | Updated by Findlaw Staff

(a) Each July 1 the State Police 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 the benefit payable as of the immediately preceding July 1 increased by three percent (3%).

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Cite this article: FindLaw.com - Arkansas Code Title 24. Retirement and Pensions § 24-6-219. Benefits--Redetermination of benefits - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-24-retirement-and-pensions/ar-code-sect-24-6-219/

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