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Home » Services » Benefit Programs

Benefit Program

Arkansas Diamond Deferred Compensation Plan

All municipalities, and other political subdivisions, of the State of Arkansas are eligible to utilize the State of Arkansas Deferred Compensation Plan, commonly referred to as the AR Diamond Plan. The AR Diamond Plan can be made available to employees at no cost to the city.

Other Plan benefits include a simplified plan structure, low cost and a local service team. As many as 50 different municipalities currently take advantage of the AR Diamond Plan. As Plan consultant, Stephens assists the state in the selection and ongoing monitoring of all plan investment options. Voya FinancialTM is the record keeper and administrator of the plan. Click here for more information.

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Arkansas Municipal League
Our Mission

The Arkansas Municipal League was founded in 1934 and exists for a threefold purpose:

  • to act as the official representative of Arkansas cities and towns before the state and federal governments;
  • to provide a clearinghouse for information and answers; and,
  • to offer a forum for discussion and sharing of mutual concerns.