Arkansas Statutes
§ 24-7-208 — Benefit enhancements - Restrictions
Arkansas § 24-7-208
JurisdictionArkansas
Title24
This text of Arkansas § 24-7-208 (Benefit enhancements - Restrictions) 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. § 24-7-208 (2026).
Text
(a)No benefit enhancement provided for by this chapter shall be implemented if it would cause the Arkansas Teacher Retirement System's unfunded actuarial accrued liabilities to exceed an eighteen-year amortization.
(b)No benefit enhancement provided for by this chapter shall be implemented by the system if the system has unfunded actuarial accrued liabilities being amortized over a period exceeding eighteen (18) 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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Legislative History
Amended by Act 2021, No. 279,§ 5, eff. 7/1/2021. Amended by Act 2019, No. 427,§ 6, eff. 7/1/2019. Acts 1997, No. 1137, § 5.
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 § 24-7-208, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/24-7-208.