(a) Each July 1 the Arkansas Judicial 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 benefit payable as of the immediately preceding July 1 increased by three percent (3%).
(c) This method of redetermination of the amount of the retirement benefits shall be applicable to any judge first elected after July 1, 1983.
Section: Previous 24-8-214 24-8-215 24-8-216 24-8-217 24-8-218 24-8-219 24-8-220 24-8-222 24-8-223 24-8-224 24-8-225 24-8-226 24-8-227 24-8-228 NextLast modified: November 15, 2016