This bill aims to amend existing laws related to credited service within the Arkansas Local Police and Fire Retirement System. The primary purpose of the act is to clarify and update the regulations governing how credited service is calculated and recognized for members of this retirement system.
The new legal language inserted into the current law emphasizes the focus on credited service, ensuring that the provisions are clear and specific to the Arkansas Local Police and Fire Retirement System. This amendment seeks to enhance the understanding and application of credited service for the benefit of current and future members of the retirement system.