- (a) The amount calculated for each subsidy account was determined using the 1997 – 2002 premium tax distributions and costs for each local plan and the Arkansas Local Police and Fire Retirement System.
- (b) With the June 2012 premium tax distribution, all locations will have a calculated balance of zero (0) for their subsidy account.
- (c) If a location has an actual balance after June 2012, the location may transfer all or a portion of the balance to their local fire and/or police plan, but only after written approval of the Arkansas Fire and Police Pension Review Board.
- (d) In all cases, moneys in a subsidy account can only be used for the retirement costs of that location’s fire or police pension plan and/or the system.