Arkansas Statutes
§ 24-1-105 — Liabilities exceeding thirty-year amortization period - Legislated benefit enhancement prohibited
Arkansas·Title 24
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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Arkansas § 24-1-105 (Liabilities exceeding thirty-year amortization period - Legislated benefit enhancement prohibited) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Opinion No.
(Arkansas Attorney General Reports, 2007)
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