(a) No benefit enhancement provided for by this subchapter 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 for by this subchapter 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.
Structure Arkansas Code
Title 24 - Retirement And Pensions
Chapter 2 - Public Employee Retirement Plans Generally
Subchapter 4 - Reciprocal Service Credits
§ 24-2-402. Deferred annuity — Eligibility — Definition
§ 24-2-403. Date of annuity payment
§ 24-2-404. Disbursement of annuities
§ 24-2-405. Disability benefits