24 CAR § 20-1101 – Asset valuation method generally

(a)
1. (1) Acts 1999, No. 1293, amended Arkansas Code § 24-11-207.
2. (2) This act states that the assets will be valued on the asset valuation method determined by the Arkansas Fire and Police Pension Review Board in consultation with their actuary.
(b) The asset valuation method is the method used to value the assets of a local plan.
(c) This value of assets will be used for all calculation purposes including:
1. (1) The annual actuarial valuation;
2. (2) Any benefit increase proposal; and
3. (3) DROP interest rate calculations.

Codification Notes: “DROP” means deferred retirement option plan.