Ark. Code Ann. § 24-1-105: Liabilities exceeding thirty-year amortization period - Legislated benefit enhancement prohibited
Where this section sits in the code
- AR Code
- Title 24
- Chapter 1
- Subchapter 1
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.
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