State Codes and Statutes

Statutes > Arkansas > Title-24 > Chapter-5 > Subchapter-1 > 24-5-119

24-5-119. Redetermination of benefits.

(a) Beginning with the July 1 which is at least twelve (12) full months after the effective date of each benefit, the amount of each benefit shall be redetermined, and the redetermined amount shall be payable for the ensuing year.

(b) The redetermined amount shall be the amount of the benefit otherwise payable as of the immediately preceding July 1 increased by three percent (3%).

State Codes and Statutes

Statutes > Arkansas > Title-24 > Chapter-5 > Subchapter-1 > 24-5-119

24-5-119. Redetermination of benefits.

(a) Beginning with the July 1 which is at least twelve (12) full months after the effective date of each benefit, the amount of each benefit shall be redetermined, and the redetermined amount shall be payable for the ensuing year.

(b) The redetermined amount shall be the amount of the benefit otherwise payable as of the immediately preceding July 1 increased by three percent (3%).