24 CAR § 20-1209. Payment to local plan when an excess subsidy account exists

(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.