The bill is an appropriation act for the Arkansas Public Employees Retirement System (APERS) for the fiscal year ending June 30, 2024. It establishes the maximum number of regular employees and their corresponding salary grades, totaling 79 employees. The bill outlines appropriations for various operational expenses, including regular salaries amounting to $4,476,868, extra help at $75,000, and personal services matching at $1,582,227. Additionally, it allocates funds for benefits, refunds, and reimbursements, with a total amount appropriated for APERS operations reaching $138,309,068.

Furthermore, the bill includes provisions for the State Police and Judicial Retirement Systems, with specific appropriations for their operational expenses and benefits. Notably, it allows for transfers from the Judicial and State Police Retirement Funds to cover costs incurred by APERS in administering these systems, with the maximum transfer amounts increased from previous fiscal years. The bill also includes an emergency clause, ensuring its immediate effectiveness from July 1, 2023, to facilitate the timely operation of the agency.