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.
Structure Arkansas Code
Title 24 - Retirement And Pensions
Chapter 1 - General Provisions
Subchapter 1 - General Provisions
§ 24-1-101. Assets and income for retirement systems
§ 24-1-103. Change of contribution rate
§ 24-1-104. Liabilities not to exceed thirty-year amortization
§ 24-1-106. Benefit enhancements
§ 24-1-107. Recognition of federal retirement programs
§ 24-1-108. Effect of concurrent employment on member's benefits — Notice