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.
Liabilities exceeding thirty-year amortization period — Legislated benefit enhancement prohibited
Ark. Code Ann. § 24-1-105 — under General Provisions.
Ark. Code Ann. § 24-1-105