AR
Arkansas House Bill HB1328

Arkansas 2025 Regular Session

Arkansas House Bill HB1328

Introduced
1/30/25  
Refer
1/30/25  

Caption

To Increase The Maximum Number Of Years Of Participation In The Arkansas State Police Officers Deferred Option Plan And The Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan.

Impact

The increase in participation years is likely to have significant implications for law enforcement personnel in Arkansas. By allowing officers to participate in the deferred option plans for a longer period, the bill intends to enhance the retirement savings potential of these individuals. This change could improve job satisfaction and retention rates among police officers who might otherwise consider leaving the force due to financial concerns related to retirement. The long-term impact may result in a more experienced and stable police force, which could positively affect community relations and public safety across the state.

Summary

House Bill 1328 aims to amend existing state laws governing the Arkansas State Police Officers' Deferred Option Plan and the Tier Two Deferred Retirement Option Plan. Specifically, the bill seeks to increase the maximum number of years of participation for active state police officers from seven years to ten years. This legislative change is expected to provide greater flexibility and security for police officers in managing their retirement plans, which is particularly important in the context of attracting and retaining qualified personnel within the Arkansas State Police force.

Contention

While the bill has potential benefits, it may also face scrutiny or opposition concerning fiscal responsibility and the implications of increased retirement liabilities for the state. Discussions around this bill could involve debates about the sustainability of pension plans for public servants and how changes in retirement options influence state budgets. Opponents might argue that extending the participation period could lead to higher costs for the state in the long run, depending on demographic factors such as the age of officers nearing retirement and overall budgetary constraints.

Companion Bills

No companion bills found.

Previously Filed As

AR SB135

To Amend The Law Concerning The Duration Of Participation In The Local Police And Fire Deferred Retirement Option Plan; And To Declare An Emergency.

AR HB1243

To Amend Retirement Eligibility Requirements Under Various Public Retirement Systems Of The State Of Arkansas For Certain Police Officers, Firefighters, Public Safety Members, And Sheriffs.

AR HB1262

To Amend Retirement Eligibility Requirements Under Various Public Retirement Systems Of The State Of Arkansas For Police Officers, Firefighters, Public Safety Members, And Sheriffs.

AR HB1111

To Amend The Age In Which Members Of Certain Plans Under The Arkansas Local Police And Fire Retirement System And Local Police And Fire Pension And Relief Funds Begin To Receive Fund Distributions.

AR HB1186

To Amend And Update The Law Concerning Annuity Options Under The Arkansas Teacher Retirement System; And To Declare An Emergency.

AR HB1201

To Enact The Arkansas Teacher Retirement System’s General Omnibus Act; And To Declare An Emergency.

AR SB294

To Create The Learns Act; To Amend Various Provisions Of The Arkansas Code As They Relate To Early Childhood Through Grade Twelve Education In The State Of Arkansas; And To Declare An Emergency.

AR SB126

To Amend The Arkansas Public Employees’ Retirement System Plan Regarding Survivor Benefits; And To Declare An Emergency.

AR HB1193

To Amend Titles Of Members Of The Board Of Trustees Of The Arkansas State Highway Employees' Retirement System; And To Amend The Laws Regarding Survivor Benefits Under The Arkansas State Highway Employees' Retirement System.

AR HB1289

To Make Technical Corrections To Title 21 Of The Arkansas Code Concerning Public Officers And Employees.

Similar Bills

No similar bills found.