Notwithstanding § 24-8-715 [repealed], each July 1 the Arkansas Judicial Retirement System shall redetermine the amount of each monthly benefit which has been paid by the system under the Tier Two Actual Judicial Service Benefit Plan for at least twelve (12) full calendar months. The redetermined amount shall be payable for the following twelve (12) calendar months. 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 8 - Retirement Of Judges And Court Employees
Subchapter 7 - Tier Two Actual Judicial Service Benefit Plan
§ 24-8-701. Legislative history, findings, and intent
§ 24-8-703. Creation of Tier Two Actual Judicial Service Benefit Plan
§ 24-8-704. Membership generally
§ 24-8-705. Members electing coverage
§ 24-8-706. Contributions — Members — Refund
§ 24-8-707. Contributions — State
§ 24-8-708. Contributions — Cessation upon maximum benefit eligibility
§ 24-8-709. Actual service requirement
§ 24-8-710. Eligibility for benefits — Retirement generally
§ 24-8-711. Eligibility for benefits — Early retirement
§ 24-8-712. Eligibility for benefits — Disability retirement
§ 24-8-713. Retirement and survivors' benefits generally
§ 24-8-714. Restrictions on benefits