The bill aims to enhance the Arkansas Public Employees' Retirement System's ability to collect overpayments related to debts owed to state-supported retirement systems. It specifically amends the Arkansas Code to include the Arkansas Judicial Retirement System and the State Police Retirement System as claimant agencies eligible for setoffs against state tax refunds. This inclusion broadens the scope of agencies that can recover debts through tax refund offsets.

Additionally, the bill modifies the definition of "debt" to specify that it includes any overpayment of a monthly benefit or lump sum from a state retirement system administered by the Arkansas Public Employees' Retirement System. This change clarifies the types of financial obligations that can be addressed under the law, ensuring that overpayments are recognized as debts that can be collected through the established mechanisms.

Statutes affected:
HB 1208: 26-36-303(1), 26-36-303(2)