Arkansas Code Title 24, Chapter 11, Subchapter 2 - Disclosure of Financial Condition -- Arkansas Fire and Police Pension Review Board

• § 24-11-201 - Definitions.
  As used in this subchapter, unless the context otherwise requires: (1) "Accountant" means an accountant who is authorized by Arkansas law to practice public...
• § 24-11-202 - Noncompliance With Subchapter.
  (a) If it is determined that a plan is not complying with the provisions of this subchapter, the Executive Director of the Arkansas Fire...
• § 24-11-203 - Arkansas Fire and Police Pension Review Board.
  (a) The purpose of this section, which creates and establishes the Arkansas Fire and Police Pension Review Board, is to establish a state pension...
• § 24-11-204 - General Financial Objective of Plan.
  (a) The general financial objective of each plan shall be to establish and receive contributions, expressed as percentages of active employee payroll or, in...
• § 24-11-205 - Actuarial Valuation.
  (a) (1) The Executive Director of the Arkansas Fire and Police Pension Review Board shall cause an actuarial valuation of each plan to be...
• § 24-11-206 - Annual Financial Report.
  (a) Each plan shall cause to be prepared an annual financial report following the close of each fiscal year. The financial report shall contain...
• § 24-11-207 - Annual Financial Report -- Duty of Board of Trustees.
  (a) (1) The board of trustees of each plan shall annually cause a financial report to be prepared covering each plan fiscal year. (2)...
• § 24-11-208 - Administration of Underfunded Plans.
  (a) The purpose of this section is to provide a method for the funding of benefits in certain underfunded plans. Some of the municipal...
• § 24-11-209 - [Repealed.]
• § 24-11-210 - Requirements for Qualified Plans Under Internal Revenue Code.
  (a) This section shall be considered a part of the plan of each firemen's relief and pension fund and policemen's pension and relief fund...
• § 24-11-211 - Arkansas Policemen's Pension Supplement Program.
  (a) (1) There is created the Arkansas Policemen's Pension Supplement Program, to be administered by the Arkansas Fire and Police Pension Review Board. (2)...
• § 24-11-212 - Future Supplement Funds.
  (a) A Future Supplement Fund-Police and a Future Supplement Fund-Fire are created for the purpose of providing cost-of-living assistance and minimum-benefit-amount assistance to policemen's...
• § 24-11-213 - Allocation of Insurance Premium Tax -- Apportionments.
  (a) (1) (A) The premium taxes collected under § 24-11-301 shall be placed in a fund combined with the premium taxes collected pursuant to...
• § 24-11-214 - Allocation of Insurance Premium Tax -- Division Among Localities.
  (a) An actuary certified by the Society of Actuaries shall evaluate the information submitted under §§ 24-11-213 -- 24-11-215 to determine the amount of...
• § 24-11-215 - Allocation of Insurance Premium Tax -- Special Provisions.
  (a) Revenues distributed to the State of Arkansas as general revenue are subject to the allocations in this section.(b) (1) All taxes that are...
• § 24-11-216 - Minimum Asset Management Standards.
  (a) A local firemen's relief and pension fund or a local policemen's pension and relief fund shall meet the minimum asset management standards established...
• § 24-11-217 - Additional Allocation for Certain Underfunded Plans.
  (a) (1) Beginning with the allocation in fiscal year 2012, an additional allocation for certain underfunded plans as described in this section is created....

Last modified: November 15, 2016