AR HB1262

Reduces retirement eligibility from 28 years to 26 years of credited service for police officers, firefighters, public safety members, and sheriffs across multiple Arkansas retirement systems

Allows public safety employees and sheriffs under the Arkansas Public Employees' Retirement System to retire at age 55 (reduced from 65) with appropriate service credits, with exceptions for sheriffs who may retire at age 52 with 10 years of service or 8 years of service plus 2 years in another state-supported retirement system

Amends the State Police Retirement System to reduce the service requirement from 28 to 26 years for Tier I and Tier II benefit plans, maintaining age 52 as the minimum retirement age for members with less than 26 years of service

Defines "police officer" under the Arkansas State Highway Employees' Retirement System as a permanent employee whose primary duty is law enforcement with the Arkansas Highway Police Division and allows such officers to retire at any age with 26 years of creditable service

Reduces service requirements in the Arkansas Local Police and Fire Retirement System from 28 to 26 years for normal retirement age and Deferred Retirement Option Plan participation, with one exception reducing catastrophic disability annuity eligibility from 28 to 25 years