HB1350
To Amend The Law Concerning Benefits Under The State Police Retirement System.
AI-Generated Summary
This bill, House Bill 1350, proposes to amend existing Arkansas law regarding benefits under the State Police Retirement System. The primary purpose of the act, as stated in its title and subtitle, is to modify the provisions related to these retirement benefits. The bill's text indicates that it will involve deleting certain language and adding new language to the current statutes. Section 1 of the bill explicitly reiterates its intention to amend the law concerning benefits within the State Police Retirement System. No specific details about the nature of these amendments, such as increases, decreases, eligibility changes, or funding mechanisms, are provided in the excerpt. The bill is presented as an act to be enacted by the General Assembly of the State of Arkansas. Further sections detailing the specific changes to the law are not included in this provided text. The bill is sponsored by Representative Warren and Senator J. Dotson.
Potential Impact Analysis
Who Might Benefit?
If enacted, the primary beneficiaries of this bill would be current and future retirees of the Arkansas State Police, or their designated beneficiaries, as the bill directly concerns changes to their retirement benefits. Depending on the specific amendments not detailed in the provided text, this could include individuals who have served or will serve as state police officers and are enrolled in the State Police Retirement System.
Who Might Suffer?
The groups or entities most directly and negatively impacted by this bill, if enacted, are not clearly identifiable from the provided text alone. However, if the amendments result in reduced benefits, increased contributions, or stricter eligibility requirements for state police retirees, then those individuals would be negatively impacted. Furthermore, if the bill necessitates increased funding for the retirement system without a corresponding increase in state revenue or contributions, it could potentially impact the state's budget or other state services.