Notwithstanding ยง 24-8-715 [repealed], each July 1 the Arkansas Judicial Retirement System shall redetermine the amount of each monthly benefit which has been paid by the system under the Tier Two Actual Judicial Service Benefit Plan for at least twelve (12) full calendar months. The redetermined amount shall be payable for the following twelve (12) calendar months. 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 24-8-703 24-8-704 24-8-705 24-8-706 24-8-707 24-8-708 24-8-709 24-8-710 24-8-711 24-8-712 24-8-713 24-8-714 24-8-716 24-8-717Last modified: November 15, 2016