(a) Notwithstanding any other provision of this chapter, benefits paid under the provisions of this chapter shall not exceed the limitations of the Internal Revenue Code, 26 U.S.C. § 415 that are applicable to governmental retirement plans.
(b)
(1) The Board of Trustees of the Arkansas Public Employees' Retirement System is hereby empowered and authorized to promulgate all necessary rules to implement the limitations of the Internal Revenue Code, 26 U.S.C. § 415.
(2) The rules adopted by the board pursuant to this section shall be amended to reflect any changes in the content or application of the Internal Revenue Code, 26 U.S.C. § 415 enacted by the United States Congress or promulgated by the Internal Revenue Service.
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