§ 24-1-105. Liabilities exceeding thirty-year amortization period -- Legislated benefit enhancement prohibited

AR Code § 24-1-105 (2018) (N/A)
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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.