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2010 Arkansas Code
Title 24 - Retirement And Pensions
Chapter 5 - Arkansas State Highway Employees' Retirement
Subchapter 2 - Deferred Retirement Option Plan
§ 24-5-203 - Limitation on benefit enhancement.
24-5-203. Limitation on benefit enhancement.(a) No benefit enhancement provided by 24-5-201 and 24-5-202 shall be implemented if it would cause the publicly supported retirement system's unfunded actuarial accrued liabilities to exceed a thirty-year amortization.
(b) No benefit enhancement provided by 24-5-201 and 24-5-202 shall be implemented by any publicly supported system which has unfunded actuarial accrued liabilities being amortized over a period exceeding thirty (30) years until the unfunded actuarial accrued liability is reduced to a level less than the standards prescribed by 24-1-101 et seq.
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