(a) Each July 1 the State Police 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 the benefit payable as of the immediately preceding July 1 increased by three percent (3%).
Structure Arkansas Code
Title 24 - Retirement And Pensions
Chapter 6 - State Police Retirement
Subchapter 2 - State Police Retirement System
§ 24-6-205. Correction of errors
§ 24-6-206. State Police Retirement Fund — Accounts
§ 24-6-208. Members' contributions
§ 24-6-209. Employer's contribution
§ 24-6-211. Eligibility for benefits — Mandatory retirement
§ 24-6-212. Eligibility for benefits — Voluntary retirement for contributory members
§ 24-6-213. Eligibility for benefits — Disability retirement
§ 24-6-214. Benefits generally — Contributory member
§ 24-6-215. Benefits — Death of retirant
§ 24-6-216. Benefits — Survivor's pension upon death of retirant
§ 24-6-217. Benefits — Survivor's pension upon death of member
§ 24-6-219. Benefits — Redetermination of benefits
§ 24-6-220. Benefits — Increased benefits generally
§ 24-6-221. Benefits — Increased benefits for persons retiring by June 1, 1982, or by July 1, 1982
§ 24-6-222. Refund of contributions
§ 24-6-223. Interest in fund not transferable or subject to legal process
§ 24-6-224. Increase in benefits
§ 24-6-225. Applicability of benefit provisions
§ 24-6-226. Eligibility for benefits — Voluntary retirement for Tier I noncontributory members
§ 24-6-227. Benefits generally — Tier I noncontributory member