Arkansas Statutes
§ 24-5-119 — Redetermination of benefits
Arkansas § 24-5-119
JurisdictionArkansas
Title24
This text of Arkansas § 24-5-119 (Redetermination of benefits) 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. § 24-5-119 (2026).
Text
(a)Beginning with the July 1 which is at least twelve (12) full months after the effective date of each benefit, the amount of each benefit shall be redetermined, and the redetermined amount shall be payable for the ensuing year.
(b)(1) The redetermined amount shall be the amount of the benefit otherwise payable as of the immediately preceding July 1 increased by the lesser of three percent (3%) or the percentage change in the Consumer Price Index for Urban Wage Earners and Clerical Workers as determined by the United States Department of Labor over the one-year period ending in the December immediately preceding the date for which the redetermined amount is being calculated.
(2)However, the redetermined amount of the benefit to be paid shall not be less than the redetermined amount of
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Legislative History
Amended by Act 2017, No. 610,§ 1, eff. 7/1/2017. Acts 1975, No. 599, § 4; 1979, No. 821, § 2; 1983, No. 479, § 2; 1985, No. 611, § 2; A.S.A. 1947, §§ 76-1912.4, 76-1912.6; Acts 1987, No. 809, § 4; 1995, No. 407, §§ 1, 4; 1999, No. 335, § 1.
Nearby Sections
15
§ 24-1-101
Assets and income for retirement systems§ 24-1-102
Annual valuation§ 24-1-103
Change of contribution rate§ 24-1-105
Liabilities exceeding thirty-year amortization period - Legislated benefit enhancement prohibited§ 24-1-106
Benefit enhancements§ 24-1-201
Declaration of policy§ 24-1-202
Definitions§ 24-1-203
Rules§ 24-1-206
Agents§ 24-1-207
Contributions - State employeesCite This Page — Counsel Stack
Bluebook (online)
Arkansas § 24-5-119, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/24-5-119.