(a) Beginning July 1, 2001, the monthly retirement benefit payable to the retirees and beneficiaries of the Arkansas State Highway Employees' Retirement System who are entitled to receive an annuity for July 2001 shall be increased by four and eight-tenths percent (4.8%) above the annuity the retiree or beneficiary received for June 2001.
(b) The increase in benefits as provided in this section shall be added to the annuity for the purpose of computing the annual postretirement increase as provided in ยง 24-5-119(a) for the benefit redetermination July 1, 2001.
Section: Previous 24-5-124 24-5-125 24-5-126 24-5-127 24-5-128 24-5-129 24-5-130 24-5-131 24-5-132 24-5-133 24-5-134 24-5-135 24-5-136 24-5-137 NextLast modified: November 15, 2016