Liabilities exceeding thirty-year amortization period — Legislated benefit enhancement prohibited

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  2. Arkansas Code
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  5. General Provisions
  6. Liabilities exceeding thirty-year amortization period — Legislated benefit enhancement prohibited

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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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