Arkansas § 24-10-619 Limitation on benefits granted by Acts 1997, No. 1136

Arkansas Statutes

§ 24-10-619 — Limitation on benefits granted by Acts 1997, No. 1136

No benefit enhancement provided for by §§ 24-10-604 , 24-10-605 , and 24-10-611 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 §§ 24-10-604 , 24-10-605 , and 24-10-611 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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No benefit enhancement provided for by §§ 24-10-604 , 24-10-605 , and 24-10-611 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 §§ 24-10-604 , 24-10-605 , and 24-10-611 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.

Arkansas § 24-10-619 (Limitation on benefits granted by Acts 1997, No. 1136) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.