§ 14-42-116 - Retirement systems and benefits. - Arkansas Statutes

14-42-116. Retirement systems and benefits.

No first class city, second class city, or incorporated town, regardless of the form of government, shall hereafter establish any retirement benefit system or plan for members of the governing body of the city or town except first class cities, second class cities, or towns which had established such system or plan prior to July 3, 1989. However, all systems and plans in existence on July 3, 1989, may continue.