Arkansas Statutes
§ 24-7-1503 — Ad hoc benefit formula
Arkansas·Title 24
The schedule of decade dollar amounts per year of credited service is: Formula Decades in Which Credited Service Was Accrued Service Annual $ Increase Per Year of Credited Service 2000 - and later $5 1990-1999 $10 1980-1989 $20 1970-1979 $30 1960-1969 $40 1950-1959 $50 1940-1949 $60 1930-1939 $70 1920-1929 $80 1910-1919 $90
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Legislative History
Amended by Act 2023, No. 107,§ 60, eff. 7/1/2023. Acts 2009, No. 1315, § 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 employees