Ark. Code § 24-7-1503

Current with legislation from 2024 Fiscal and Special Sessions.

Section 24-7-1503 - Ad hoc benefit formula

The schedule of decade dollar amounts per year of credited service is:

Formula Decades in Which Credited Service Was Accrued Service	Annual $ Increase Per Year of Credited Service
2000 - and later	$5
1990-1999	$10
1980-1989	$20
1970-1979	$30
1960-1969	$40
1950-1959	$50
1940-1949	$60
1930-1939	$70
1920-1929	$80
1910-1919	$90

Amended by Act 2023, No. 107,§ 60, eff. 7/1/2023.

Acts 2009, No. 1315, § 1.