Limitation on benefit enhancement — Acts 1997, No. 953

  1. Law
  2. Arkansas Code
  3. Retirement And Pensions
  4. Retirement of Employees of Schools and Educational Institutions
  5. Teacher Deferred Retirement Option Plan
  6. Limitation on benefit enhancement — Acts 1997, No. 953

Checkout our iOS App for a better way to browser and research.

  1. (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.

  2. (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.


Download our app to see the most-to-date content.