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Section 24-10-618 - Limitation on benefits granted by Acts 1997, No — Arkansas Law | CourtGPT
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  7. Section 24-10-618 - Limitation on benefits granted by Acts 1997, No
Arkansas Legal Code

Section 24-10-618 - Limitation on benefits granted by Acts 1997, No

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No benefit enhancement provided for by § 24-10-610 shall be implemented if it would cause the publicly supported retirement system's unfunded actuarial accrued liabilities to exceed a thirty-year amortization. No benefit enhancement provided for by § 24-10-610 shall be implemented by any publicly supported system which has unfunded actuarial accrued liabilities being amortized over a period exceeding thirty (30) years until the unfunded actuarial accrued liability is reduced to a level less than the standards prescribed by § 24-1-101 et seq.Acts 1997, No. 765, § 2.