185.39  Applicability of ch. 86-42.--Chapter 86-42, Laws of Florida, shall apply to all plans presently existing or to be created pursuant to this chapter. However, those plans presently existing pursuant to s. 185.35 and not in compliance with the provisions of chapter 86-42, except as otherwise provided in chapter 86-42, shall comply no later than December 31, 1986, provided that a fund established by legislative act shall comply no later than October 1, 1987, and provided further that nothing contained in this chapter shall operate to reduce presently existing rights or benefits of any police officer directly, indirectly, or otherwise.