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Arkansas Code Title 24. Retirement and Pensions § 24-7-1313. Limitation on benefit enhancement--Acts 1997, No. 953

Current as of March 28, 2024 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - Arkansas Code Title 24. Retirement and Pensions § 24-7-1313. Limitation on benefit enhancement--Acts 1997, No. 953 - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-24-retirement-and-pensions/ar-code-sect-24-7-1313/

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