Bill > HB1336

This bill makes several key changes to the Arkansas State Police Retirement System. First, it increases the monthly retirement benefits paid into the State Police Officers' Tier Two Deferred Retirement Option Plan (DROP) from 72% to 100% of what would have been payable if the employee had retired. Second, it modifies the fee structure for motor vehicle accident reports, raising the basic report fee from $10 to $25, while maintaining a $10 fee for individuals involved in the accident. The bill also changes how the collected fees are allocated, with $10 going to operations and $15 dedicated to funding retirement system benefits. Specifically, the $15 portion is to be used solely for the State Police Retirement System. The bill includes an emergency clause, stating that these changes are necessary to maintain sound pension policy and ensure proper administration of the retirement system. The provisions are set to take effect on July 1, 2025, aligning with the start of the fiscal year for the State Police Retirement System.

Labor and Employment

https://arkleg.state.ar.us/Bills/Detail?id=hb1336&ddBienniumSession=2025%2F2025R