Opinion No.

The Honorable Bill Walters State Senator P.O. Box 280 Greenwood, Arkansas 72936-0280

Senator Walters:

This is in response to your request for an opinion on the following question:

Is there some point at which a Fireman's Pension fund for a city of the first class can no longer be managed locally? In other words, if the number of actively employed individuals covered by the plan falls below a certain level, then does the pension plan have to be managed by or converted to the LOPFI program (A.C.A. §§ 24-10-101 et seq.)? If there is some minimum number of active employees required, then at what…