24 CAR § 20-503
24 CAR § 20-503. For benefit payments that are too high
Length: 262 wordsOfficial source
(a)(1) Arkansas Fire and Police Pension Review Board staff shall:
(A) Notify the local plan in writing of its noncompliance; and
(B) Inform the local board of the proper benefit levels to be paid.
(2) Staff will ask the local board to:
(A) Decrease payments to overpaid recipients to the correct levels; or
(B) File a written request with the Arkansas Fire and Police Pension Review Board for a review of staff findings.
(b)(1) The local board shall submit a copy of the minutes of the board meeting at which the rollback was made or the request for a review by the Arkansas Fire and Police Pension Review Board of staff findings was approved.
(2) The local board shall take this action within six (6) weeks of notification of noncompliance.
(c) Recovery of overpaid benefits shall be left to the discretion of the local board and its legal counsel.
(d)(1) Any local board which disagrees with the findings of staff regarding the correct level of benefit payments may request in writing a hearing before the Arkansas Fire and Police Pension Review Board.
(2) The Arkansas Fire and Police Pension Review Board shall schedule the hearing during its next regular meeting but may delay the hearing to a later meeting if requested in writing by the local board.
(e) Premium tax turnback to the local plan and the sponsoring location, as described in 24 CAR § 20-1201 et seq., shall be withheld until:
(1) Staff findings are overturned; or
(2) Compliance is achieved through a rollback in benefit payments to their correct level.