Notice of Rulemaking
Please take notice that the Board of Trustees of the Arkansas State Police Retirement System (ASPRS Board), 124 West Capitol Avenue, Suite 400, Little Rock, AR 72201 has voted to amend the following Official Rules of the Board of Trustees to the Deferred Retirement Option Plan (DROP) Rule 11, for compliance with Act 415 of 2021 of the Arkansas Legislature as follows:
Rule 11 DROP Provisions Amendments: The proposed amendment to the Rule complies with Act 415 of 2021, which decreases the number of years from 30 to 28 for a member to be eligible to enter the Tier I or Tier Two DROP. The proposed amendement also relocates the historical acts within the document and corrects a minor grammatical error previously promulgated in the rule.
Click here to view a more detailed summary of the proposed amendment.
Click here to view the proposed revisions to ASPRS Board Rule 11.