US Lawyer Database

843-966-9603

Menu
Claim your profile

For Lawyer-Seekers

YOU DESERVE THE BEST LAWYER

Claim your profile

For Lawyer-Seekers

Menu

843-966-9603

§ 24-7-1313. Limitation on benefit enhancement — Acts 1997, No. 953

Home » US Law » 2020 Arkansas Code » Title 24 - Retirement And Pensions » Chapter 7 - Retirement of Employees of Schools and Educational Institutions » Subchapter 13 - Teacher Deferred Retirement Option Plan » § 24-7-1313. Limitation on benefit enhancement — Acts 1997, No. 953

§ 24-7-1313. Limitation on benefit enhancement — Acts 1997, No. 953

§ 24-7-1313. Limitation on benefit enhancement — Acts 1997, No. 953

  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.