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AR HB1332
Bill
Status
Failed
4/24/2019
Primary Sponsor
Les Warren
Click for details
AI Summary
- Reduces the minimum service requirement for Arkansas State Police officers to participate in the Tier Two Deferred Retirement Option Plan from 30 years to 28 years of total service
- Defines "total service" to include service credit earned after April 3, 1997, under the State Police Retirement System's Tier Two Benefit Plan
- Includes reciprocal service credit from other retirement systems under Arkansas Code § 24-2-401 in the definition of total service
- Includes actual service credit earned by a member as part of the total service calculation
- Changes terminology from "actual service" to "total service" throughout the relevant code section
Legislative Description
To Define "total Service" Under The Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan; And To Amend The Requirements For Deferred Retirement Under The State Police Retirement System Tier Two Benefit Plan.
Last Action
Died on House Calendar at Sine Die Adjournment
4/24/2019
Committee Referrals
Public Retirement & Social Security Programs1/31/2019
Full Bill Text
No bill text available