§ 24-10-704 - Benefits -- Rate of return. - Arkansas Statutes

24-10-704. Benefits -- Rate of return.

(a) The member's monthly retirement benefit shall not change unless the retirement annuity as defined in 24-10-602 is increased.

(b) (1) A member who participates in this plan shall be credited interest at a rate of six percent (6%) per annum.

(2) The interest shall be credited to the individual account balance of the member on an annual basis.