- (a) The actuary for the Arkansas Fire and Police Pension Review Board will present an allocation report to the board by June 15 of each year.
- (b) This report will show the distribution of the entire Firemen’s and Police Officers’ Pension and Relief Fund.
- (c) After approval by the board, the allocation report will be forwarded to the Department of Finance and Administration to request the distributions contained in it.
(d) The allocation report will contain at least the following items:
- (1) The amount of the Fire Allocation Fund and Police Allocation Fund;
- (2) The amount of the Fire Allocation Fund and the Police Allocation Fund to be distributed to fire and police locations and the General Revenue Allocation Fund, reflecting applicable minimums;
- (3) The amount allocated to each certified location and which certified locations are eligible to receive their allocations;
- (4) The amount allocated to each certified location split between the local plan and the Arkansas Local Police and Fire Retirement System portion as defined in Arkansas Code § 24-10-409;
- (5) Noncomplying locations and the amount each would receive upon making corrections per 24 CAR § 20-1204;
- (6) The amount of the Arkansas Fire and Police Pension Review Board administrative costs and the premium tax allocation expenses;
- (7) The amount of the Fire Protection Fund division; and
- (8) The amount to be allocated to additional allocations, Police Supplement Fund, Fire and Police Future Supplement Funds, and State Police Retirement System.