Arkansas Statutes
§ 24-6-304 — Benefits - Rate of return
Arkansas·Title 24
(a)The member's monthly retirement benefit shall not change unless the Arkansas State Police Officers Deferred Option Plan receives a benefit increase.
(b)(1) A member who participates in the plan shall earn interest at a rate set by the Board of Trustees of the State Police Retirement System that shall not be greater than the actuarially assumed investment rate of return for that time.
(2)The interest shall be credited to the individual account balance of the member on an annual basis.
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Related
Arkansas State Police Retirement System v. Sligh
2017 Ark. 109 (Supreme Court of Arkansas, 2017)
Ark. State Police Ret. Sys. v. Sligh
2017 Ark. 209 (Supreme Court of Arkansas, 2017)
Opinion No.
(Arkansas Attorney General Reports, 2006)
Legislative History
Acts 1995, No. 967, § 1; 2005, No. 1024, § 1; 2005, No. 1969, § 2; 2007, No. 404, § 3.
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