The bill amends the Arkansas State Police Retirement System by updating the employer contributions to the Tier Two Deferred Retirement Option Plan, increasing the contribution from seventy-two percent (72%) to one hundred percent (100%) of the monthly retirement benefits that would have been payable had the employee opted for service retirement. Additionally, the bill modifies the fee structure for obtaining copies of motor vehicle accident reports and records of traffic violations. The fee for a basic accident report will increase from ten dollars ($10.00) to twenty-five dollars ($25.00), with a reduced fee of ten dollars ($10.00) for individuals involved in the accident.

Furthermore, the bill stipulates that the funds collected from these fees will be allocated to the Division of Arkansas State Police Fund, with specific amounts designated for operations and for funding benefits under certain sections of the retirement system. An emergency clause is included, stating that the revisions are necessary for maintaining sound public pension policy and ensuring proper administration of the retirement system, with an effective date of July 1, 2025.

Statutes affected:
Old version HB1336 V2 - 3-31-2025 12:38 PM: 24-6-216, 24-6-408, 03-31-2025, 24-6-411, 24-6-504(3), 27-53-210(b)
Old version HB1336 V3 - 4-2-2025 09:46 AM: 24-6-504(3), 27-53-210(b)
Act 672: 24-6-504(3), 27-53-210(b)