The bill proposes to amend the Arkansas Code 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 changes the maximum number of years from seven (7) to ten (10) for active state police officers in both plans.

This legislative change aims to provide state police officers with a longer period to participate in these retirement plans, potentially enhancing their retirement benefits and financial security. The amendments are reflected in Arkansas Code sections 24-6-306(a) and 24-6-507(a), where the previous limit of seven years is replaced with the new limit of ten years.

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