Arkansas Statutes
§ 24-1-104 — Liabilities not to exceed thirty-year amortization
Arkansas·Title 24
No legislated benefit enhancement shall be enacted which would cause the system's unfunded accrued actuarial liabilities to exceed a thirty-year amortization.
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Arkansas § 24-1-104 (Liabilities not to exceed thirty-year amortization) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1995, No. 613, § 2.
Nearby Sections
15
§ 24-1-101
Assets and income for retirement systems§ 24-1-102
Annual valuation§ 24-1-103
Change of contribution rate§ 24-1-105
Liabilities exceeding thirty-year amortization period - Legislated benefit enhancement prohibited§ 24-1-106
Benefit enhancements§ 24-1-201
Declaration of policy§ 24-1-202
Definitions§ 24-1-203
Rules§ 24-1-206
Agents§ 24-1-207
Contributions - State employees