State Codes and Statutes
Statutes > Arkansas > Title-24 > Chapter-5 > Subchapter-2 > 24-5-20324-5-203. Limitation on benefit enhancement.
(a) No benefit enhancement provided by 24-5-201 and 24-5-202 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 by 24-5-201 and 24-5-202 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.
