GroundRules
Ark. Code Ann. § 24-7-1504: Promulgation of rules - Duty of board
Where this section sits in the code
- AR Code
- Title 24
- Chapter 7
- Subchapter 15
(a) The Board of Trustees of the Arkansas Teacher Retirement System shall promulgate rules for the ad hoc benefit under this subchapter.
(b) An ad hoc benefit under this subchapter shall not be implemented if the ad hoc benefit would cause the Arkansas Teacher Retirement System's unfunded actuarial accrued liabilities to exceed an eighteen-year amortization.
(c) The board shall only authorize an ad hoc benefit that is actuarially appropriate for the system.
(d) Before an increase of retirement benefit through an ad hoc benefit is authorized, the board shall file relevant information with the Joint Interim Committee on Public Retirement and Social Security Programs regarding the actuarial appropriateness of the increase.
(e) The board may reduce the decade increase formula under § 24-7-1503 proportionately on a one-to-one (1:1) formula basis for each decade when the reduction is actuarially feasible to implement.
(f) The ad hoc benefit increase is a one-time adjustment and shall also be used to increase the base amount of a retiree's benefits when calculating any future additional benefit increases.
Collected 2026-09-17T21:35:43Z. Source file · JSON
Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text. Source · License
Arkansas electronic product files were republished by Public.Resource.Org under a public-domain mark. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows. Source