2010 Arkansas Code
Title 24 - Retirement And Pensions
Chapter 7 - Retirement of Employees of Schools and Educational Institutions
Subchapter 13 - Teacher Deferred Retirement Option Plan
§ 24-7-1307 - Account -- Credit.

24-7-1307. Account -- Credit.

(a) The member's Teacher Deferred Retirement Option Plan account shall be the account in which shall be accumulated the:

(1) Plan deposits made on behalf of the member; and

(2) Plan interest.

(b) At the end of each fiscal year, the Board of Trustees of the Arkansas Teacher Retirement System shall credit each plan participant's plan account with plan interest on the mean balance in the account for the fiscal year.

(c) For the purposes of this section, plan interest shall be at the rate determined by the board from time to time.