Benefits — Rate of return
Applied in 2 court decisions — leading case Arkansas State Police Retirement System v. Sligh (2017)
Most recently applied in Arkansas State Police Retirement System v. Sligh (March 2017)
Acts 1995, No. 967, § 1; 2005, No. 1024, § 1; 2005, No. 1969, § 2; 2007, No. 404, § 3.
(1) The member's monthly retirement benefit shall not change unless the Arkansas State Police Officers Deferred Option Plan receives a benefit increase.
(2) 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.
(3) The interest shall be credited to the individual account balance of the member on an annual basis.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.