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2010 Arkansas Code
Title 24 - Retirement And Pensions
Chapter 1 - General Provisions
Subchapter 1 - General Provisions
§ 24-1-105 - Liabilities exceeding thirty-year amortization period -- Legislated benefit enhancement prohibited.

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.

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