(a) Each July 1 the Arkansas Public Employees' Retirement System shall redetermine the amount of each monthly benefit which has been payable by the system for at least twelve (12) full calendar months. The redetermined amount shall be payable for the following twelve (12) calendar months.
(b) The redetermined amount shall be the amount of the benefit payable as of the immediately preceding July 1 increased by three percent (3%).
Section: Previous 24-4-602 24-4-603 24-4-605 24-4-606 24-4-607 24-4-608 24-4-609 24-4-610 24-4-611 24-4-612 24-4-613 24-4-614 24-4-615 24-4-616 NextLast modified: November 15, 2016