Arkansas Statutes
§ 24-11-208 — Administration of underfunded plans
Arkansas § 24-11-208
JurisdictionArkansas
Title24
This text of Arkansas § 24-11-208 (Administration of underfunded plans) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ark. Code Ann. § 24-11-208 (2026).
Text
(a)The purpose of this section is to provide a method for the funding of benefits in certain underfunded plans. Some of the municipal fire and police pension funds established under §§ 14-52-106 , 24-11-401 - 24-11-403 , 24-11-405 - 24-11-413 , 24-11-416 , 24-11-417 , 24-11-422 , 24-11-423 , 24-11-425 , 24-11-428 - 24-11-430 , 24-11-801 - 24-11-807 , 24-11-809 , 24-11-813 - 24-11-815 , and 24-11-818 - 24-11-820 , may run out of funds before all of the promised benefits have been paid to their members, retirants, and beneficiaries.
(b)(1) Annually, in conjunction with the actuarial valuations required by § 24-11-205 , the Arkansas Fire and Police Pension Review Board shall identify those plans that are projected to deplete their assets within ten (10) years after the valuation date.
(2)A
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Related
Opinion No.
(Arkansas Attorney General Reports, 1996)
Legislative History
Amended by Act 2013, No. 41,§ 5, eff. 2/6/2013. Acts 1995, No. 1266, § 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 employeesCite This Page — Counsel Stack
Bluebook (online)
Arkansas § 24-11-208, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/24-11-208.