Arkansas § 24-7-1313 Limitation on benefit enhancement - Acts 1997, No. 953

Arkansas Statutes

§ 24-7-1313 — Limitation on benefit enhancement - Acts 1997, No. 953

Arkansas § 24-7-1313

Title24

This text of Arkansas § 24-7-1313 (Limitation on benefit enhancement - Acts 1997, No. 953) 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. § 24-7-1313 (2026).

Text

(a)A benefit enhancement provided for by § 24-7-1306 shall not be implemented if it would cause the Arkansas Teacher Retirement System's unfunded actuarial accrued liabilities to exceed an eighteen-year amortization.

(b)A benefit enhancement provided for by § 24-7-1306 shall not be implemented by the system until the unfunded actuarial accrued liability is reduced to a level less than an eighteen-year amortization.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) A benefit enhancement provided for by § 24-7-1306 shall not be implemented if it would cause the Arkansas Teacher Retirement System's unfunded actuarial accrued liabilities to exceed an eighteen-year amortization. (b) A benefit enhancement provided for by § 24-7-1306 shall not be implemented by the system until the unfunded actuarial accrued liability is reduced to a level less than an eighteen-year amortization.