Arkansas § 24-4-209 Interest

Arkansas Statutes

§ 24-4-209 — Interest

Arkansas § 24-4-209

Title24

This text of Arkansas § 24-4-209 (Interest) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 24-4-209 (2026).

Text

(a)At the end of each fiscal year, the Board of Trustees of the Arkansas Public Employees' Retirement System may allow the crediting of interest at an amount to be determined on the balance at the beginning of the fiscal year in the members' deposit account and the employers' accumulation account.

(b)The board shall be required to allow regular interest at the end of each fiscal year on the year's mean balance in the retirement reserve account.

(c)The interest allowed under subsections (a) and (b) of this section shall be credited annually by the board to the accounts and shall be paid from the income account.

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(a) At the end of each fiscal year, the Board of Trustees of the Arkansas Public Employees' Retirement System may allow the crediting of interest at an amount to be determined on the balance at the beginning of the fiscal year in the members' deposit account and the employers' accumulation account. (b) The board shall be required to allow regular interest at the end of each fiscal year on the year's mean balance in the retirement reserve account. (c) The interest allowed under subsections (a) and (b) of this section shall be credited annually by the board to the accounts and shall be paid from the income account.