No benefit enhancement provided for by § 24-5-116 shall be implemented if it would cause the publicly supported retirement system's unfunded actuarial accrued liabilities to exceed a thirty-year amortization. No benefit enhancement provided for by § 24-5-116 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 5 - Arkansas State Highway Employees' Retirement
Subchapter 1 - General Provisions
§ 24-5-103. Establishment of system
§ 24-5-105. Cost of administration — Payment of benefits and adjustment of errors
§ 24-5-106. Establishment of retirement fund
§ 24-5-108. Members' contributions
§ 24-5-109. Employer's contribution
§ 24-5-110. Credit for prior and current service in department
§ 24-5-112. Eligibility for benefits — Voluntary retirement
§ 24-5-113. Eligibility for benefits — Disability retirement — Definition
§ 24-5-114. Eligibility for benefits — Early retirement
§ 24-5-115. Benefits generally
§ 24-5-116. Benefits — Death of member or retirant
§ 24-5-117. Benefits — Withdrawal from service
§ 24-5-118. Benefits — Annuity options
§ 24-5-119. Redetermination of benefits
§ 24-5-120. Increase in monthly retirement benefit — Schedule
§ 24-5-122. Early retirement incentives
§ 24-5-123. Credit for military service
§ 24-5-124. Minimum monthly benefit
§ 24-5-125. Eligibility to receive increase in benefits
§ 24-5-126. Increase in benefits
§ 24-5-127. Creditable service
§ 24-5-128. Increase in monthly retirement benefit — 1993
§ 24-5-129. Increase in monthly retirement benefit — Acts 1997, No. 349
§ 24-5-130. Increase in monthly retirement benefit — Acts 1997, No. 386
§ 24-5-131. Limitation on benefit enhancement of Acts 1997, No. 1089
§ 24-5-132. Limitation on benefit enhancement of Acts 1997, No. 1067
§ 24-5-133. Early participation
§ 24-5-134. Death benefit enhancement
§ 24-5-135. Annuity benefit enhancement
§ 24-5-136. Operation of system as qualified trust
§ 24-5-137. Compliance with Internal Revenue Code section 415