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AR HB1357
Bill
Status
1/31/2019
Primary Sponsor
Kenneth Bragg
Click for details
AI Summary
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Amends Arkansas Code § 24-6-306 to change the Arkansas State Police Officers Deferred Option Plan duration from a maximum of 7 years to one plan term of 10 consecutive years, beginning on the member's plan date.
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Amends Arkansas Code § 24-6-507 to change the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan duration from a maximum of 7 years to one plan term of 10 consecutive years, beginning on the member's plan date.
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Requires members to terminate employment with the Department of Arkansas State Police and begin receiving accrued monthly retirement benefits from the State Police Retirement System upon conclusion of their plan participation.
Legislative Description
To Amend The Law Concerning The Duration Of A Member's Participation In The Arkansas State Police Officers Deferred Option Plan And The Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan.
Last Action
Read the first time, rules suspended, read the second time and referred to the Committee on PUBLIC RETIREMENT & SOCIAL SECURITY PROGRAMS-JOINT
3/11/2019