(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.
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