Opinion No.

The Honorable Jim Argue State Senator 5300 Evergreen Drive Little Rock, Arkansas 72205-1814

Dear Senator Argue:

I am writing in response to your request for an opinion on a question arising in light of Senate Bill 139, which you are sponsoring in the current legislative session. Specifically, you relay the following information and pose the following question:

Arkansas Code § 24-1-105 provides:

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…