Statutes, codes, and regulations
Arkansas Code of 1987
Title 24 - RETIREMENT AND PENSIONSChapter 1 - GENERAL PROVISIONS
Subchapter 1 - GENERAL PROVISIONS
Section 24-1-105 - Liabilities exceeding thirty-year amortization period - Legislated benefit enhancement prohibited

Ark. Code § 24-1-105

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Current with legislation from 2024 effective through May 3, 2024.
Section 24-1-105 - Liabilities exceeding thirty-year amortization period - Legislated benefit enhancement prohibited

When any retirement system on or after March 14, 1995, has unfunded actuarial accrued liabilities being amortized over a period exceeding thirty (30) years, that system shall not have a legislated benefit enhancement until the unfunded actuarial accrued liability is reduced to a level less than the standards set by this subchapter.

Ark. Code § 24-1-105

Acts 1995, No. 613, § 2.