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To provide a supplemental service retirement compensation benefit for commissioned law enforcement officers of the Department of Public Safety, Alcoholic Beverage Commission and Parks & Wildlife Department, and custodial officers of the Department of Corrections; creating a fund from which supplemental benefit payments may be made; providing for certification of service by the Department or Commission; providing for administration of the Act and investment of funds; prohibiting the use of funds provided by the Act for payment of any benefit other than provided by the Act and prohibiting the use of funds provided under the State Employees Retirement Act for payments of benefits provided under this Act; providing a penalty for conversion of funds or fraud; providing an effective date.