§ 24-11-201 - Definitions. - Arkansas Statutes

24-11-201. Definitions.

As used in this subchapter, unless the context otherwise requires:

(1) "Accountant" means an accountant who is authorized by Arkansas law to practice public accounting in Arkansas;

(2) "Actuary" means an actuary:

(A) Who is a member of the American Academy of Actuaries or who meets other criteria for qualification which may be established by the General Assembly; and

(B) Who is experienced in retirement plan financing; and

(3) "Plan" means any Arkansas municipal policemen's pension and relief fund or any Arkansas municipal firemen's pension and relief fund, including pension and relief funds of volunteer fire departments.