In lieu of terminating employment and accepting a service retirement pension, a state police officer may elect to participate in the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan and defer the receipt of benefits in accordance with this subchapter if:
(1) The state police officer:
(A) Is a member of the State Police Retirement System's Tier Two Benefit Plan under § 24-6-401 et seq.;
(B) Has at least thirty (30) years of actual service as a member of the State Police Retirement System's Tier Two Benefit Plan under § 24-6-401 et seq.; and
(C) Is eligible to receive a service retirement pension; and
(2) The Board of Trustees of the State Police Retirement System approves the participation in the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan.
Section: 24-6-502 24-6-503 24-6-504 24-6-505 24-6-506 24-6-507 24-6-508 NextLast modified: November 15, 2016