AR HB1281

Increases the maximum duration of participation in the Arkansas Public Employees' Retirement System Deferred Retirement Option Plan from 7 years to 10 years for active members.

Maintains that the election to participate in the plan remains irrevocable.

Cites COVID-19 pandemic concerns and the need to retain experienced state personnel to justify the change.

Becomes effective on March 31, 2021, under emergency clause provisions.

Approved on April 1, 2021.