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22,033 sections across 1,018 Arkansas regulatory chapters.
24.5.A.20-20-1001 24 CAR § 20-1001. Purpose
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24 CAR § 20-1001. Purpose. (a) The purpose of this subpart is to describe the administration of the deferred retirement option plan (DROP) as it affects the benefit levels and funding of the pension funds. (b) Acts 1993, No. 757, established the DROP for police officers. (c) Acts…
24.5.A.20-20-1002 24 CAR § 20-1002. Local election of DROP program
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24 CAR § 20-1002. Local election of DROP program. (a) Acts 1993, No. 757, and Acts 1993, No. 1004, made the DROP a local option. (b) If the local pension board wishes to make it available to its members, the local pension board must vote to do so. (c) If a local pension board doe…
24 CAR § 20-1003. Accumulation of DROP account
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24 CAR § 20-1003. Accumulation of DROP account. Each individual member's DROP account is credited with the following items during the DROP period: (1)(A) DROP payments. (B) The DROP account is credited each month of the DROP period with the DROP payments. (C) The amount of the DR…