04/14/2014 Executive Director Update: ATRS Board Sets 6% Interest for T-DROP in 2015!!!
GREAT NEWS: 6% INTEREST ON ALL T-DROP DEPOSITS IN 2015!
T-DROP and Post-10 Year T-DROP are already scheduled to receive 6% interest on June 30, 2014.
The ATRS Board this morning set the interest rate on T-DROP and Post-10 Year T-DROP at 6% interest for June 30, 2015!
The ATRS Board adopted a Resolution setting the T-DROP interest rate for T-DROP participants in the T-DROP program on June 30, 2015, and payable on July 1, 2015, at the maximum 6% interest rate due to investment returns in the fiscal year at 13.8% as of March 31, 2014. The Post-10 Year T-DROP interest rate was also set by a second ATRS Board Resolution at 6% for June 30, 2015, and payable July 1, 2015. Remember that T-DROP participants who submitted an application to retire out of T-DROP this year may cancel the retirement application and continue in T-DROP. I have attached the two ATRS Board Resolutions that set the interest rates for both T-DROP and Post-10 Year T-DROP at the maximum 6% for July 1, 2015.
If you have questions or need more information, please feel free to call me on my direct line at (501) 682-1820, my cell at (501) 318-5998, or email me at georgeh@artrs.gov. In addition, if you use Twitter, you can follow events at ATRS and issues of interest by finding the Twitter ID of ATRS at https://twitter.com/ATRS or find George Hopkins in the Twitter directory.
Also remember that you can go to the ATRS website at: http://artrs.gov/index.php?option=com_comprofiler&task=registers and sign up to get updates from ATRS automatically on your public or private email address, or both. The update attached to this email is also available on the ATRS website under executive director updates. Over 4,100 people have already signed up to receive this type of email update and other ATRS information via this email list.
You can also get helpful ATRS information on the ATRS Facebook page at http://www.facebook.com/arkansasteacherretirementsystem under the name of Arkansas Teacher Retirement System. Approximately 1400 Facebook users get updates via the ATRS Facebook page. Go to the Facebook page and "like" ATRS to get daily updates. I try to go to the Facebook page every day to answer member questions about ATRS.
Respectfully,
George Hopkins
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