(a) No benefit enhancement provided for by § 24-8-214 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 § 24-8-214 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 8 - Retirement Of Judges And Court Employees
Subchapter 2 - Arkansas Judicial Retirement System
§ 24-8-206. Annual actuarial valuation
§ 24-8-207. Membership generally — Prior service credit
§ 24-8-209. Contributions — Members — Refund
§ 24-8-210. Contributions — State
§ 24-8-211. Contributions — Cessation upon retirement
§ 24-8-212. Credited service — Transfer of service as municipal judge
§ 24-8-213. Credited service — Transfer of fourteen years' service as prosecuting attorney
§ 24-8-214. Credited service — Transfer of four years' service as prosecuting attorney
§ 24-8-215. Eligibility for benefits — Retirement generally
§ 24-8-216. Eligibility for benefits — Early retirement
§ 24-8-217. Eligibility for benefits — Disability retirement
§ 24-8-218. Retirement and survivors' benefits generally
§ 24-8-219. Rights of surviving unremarried spouses of certain judges
§ 24-8-220. Restrictions on benefits
§ 24-8-222. Credited service — Transfer of service as juvenile judge
§ 24-8-223. Redetermination of benefits
§ 24-8-224. Benefits when serving past mandatory retirement age
§ 24-8-225. Limitation on benefit enhancement — Acts 1997, No. 926