(a) On July 1, 1993, the monthly retirement benefit payable to retirants and beneficiaries of the Arkansas Public Employees' Retirement System who retired on June 1, 1993, or before, shall be increased by two and sixty-one hundredths percent (2.61%) of the benefit payable on June 1, 1993.
(b) The increase in benefits provided in subsection (a) of this section shall be added to the monthly benefit after application of the annual postretirement increase, which is based on the consumer price index.
Structure Arkansas Code
Title 24 - Retirement And Pensions
Chapter 4 - Arkansas Public Employees' Retirement System
§ 24-4-601. Straight life annuity generally
§ 24-4-602. Payment of annuity balance upon death of retirant or member
§ 24-4-603. Refund of contributions
§ 24-4-605. Proration of public employer share of annuity reserve
§ 24-4-607. Redetermination of benefits
§ 24-4-608. Payment of benefits upon death of member before retirement — Exception
§ 24-4-609. Effective date of benefits
§ 24-4-610. Increased benefits for persons retiring by June 1, 1985
§ 24-4-611. Minimum monthly benefit
§ 24-4-612. Increase in benefits
§ 24-4-613. Benefits for contributory members
§ 24-4-614. Increase in monthly benefit amount — 1993
§ 24-4-615. Maximum benefit limitation
§ 24-4-616. Increase in monthly benefit amount — 1995
§ 24-4-617. Increase in monthly benefit amount — 1997
§ 24-4-618. Increased benefits for persons retired before July 1, 1999
§ 24-4-619. Increased benefits for persons retired before June 1, 1999
§ 24-4-620. Partial annuity withdrawal provision