The bill aims to increase the maximum duration of participation in both the Arkansas State Police Officers Deferred Option Plan and the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan. Specifically, it amends existing law to change the maximum participation period from seven years to ten years for active state police officers in both plans.

The proposed changes are reflected in two sections of the Arkansas Code: Section 1 modifies Arkansas Code 24-6-306(a) regarding the Deferred Option Plan, and Section 2 updates Arkansas Code 24-6-507(a) concerning the Tier Two Deferred Retirement Option Plan. Both sections remove the previous limit of seven years and replace it with a new limit of ten years, thereby extending the time frame for officers to participate in these retirement plans.

Statutes affected:
HB 1328: 24-6-306(a), 24-6-507(a)