(a) Notwithstanding any other provisions 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 State Police 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 6 - State Police Retirement
Subchapter 4 - Tier Two Benefit Plan
§ 24-6-401. Creation of Tier Two Benefit Plan
§ 24-6-404. Eligibility for benefits — Voluntary retirement
§ 24-6-405. Eligibility for benefits — Disability retirement
§ 24-6-406. Benefits generally
§ 24-6-407. Benefits — Death of retirant
§ 24-6-408. Benefit provisions — Election of annuity options
§ 24-6-409. Redetermination of benefits
§ 24-6-410. Benefit provisions — Early retirement
§ 24-6-411. Benefit provisions — Death
§ 24-6-412. Refund of contributions
§ 24-6-413. Benefit provisions — Subjection of annuity rights to process of law