Arkansas Code § 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.

Section: Previous  24-1-102  24-1-103  24-1-104  24-1-105  24-1-106  24-1-107  24-1-108    Next

Last modified: November 15, 2016