Ark. Code Ann. § 24-10-618: Limitation on benefits granted by Acts 1997, No. 765
Where this section sits in the code
- AR Code
- Title 24
- Chapter 10
- Subchapter 6
No benefit enhancement provided for by § 24-10-610 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 § 24-10-610 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.
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