This bill aims to amend the existing laws related to the administration of the Arkansas Teacher Retirement System. The primary purpose of the act is to enhance the governance and operational framework of the retirement system, ensuring it meets the needs of its members and adheres to best practices in retirement administration.

The new legal language inserted into the current law explicitly states the purpose of the act, which is to improve the administration of the Arkansas Teacher Retirement System. This amendment reflects a commitment to refining the processes and policies that govern the retirement system for educators in Arkansas.