Arkansas Statutes
§ 24-6-205 — Correction of errors
Arkansas·Title 24
(a)Should any change or error in the records of the State Police Retirement System or the Division of Arkansas State Police result in any person's receiving from the system more or less than he or she would have been entitled to receive had the records been correct, the Board of Trustees of the State Police Retirement System shall correct the error and, as far as is practicable, shall adjust the payment in such manner that the actuarial equivalent of the benefit to which the person was correctly entitled shall be paid.
(b)The board shall have the right to recover any overpayment any person may have received from funds of the system.
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Related
Arkansas Department of Community Correction v. City of Pine Bluff
2013 Ark. 36 (Supreme Court of Arkansas, 2013)
McLemore v. Weiss
2013 Ark. 161 (Supreme Court of Arkansas, 2013)
Legislative History
Acts 1951, No. 311, § 8; 1959, No. 484, § 8; A.S.A. 1947, § 42-458.
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 employees