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 definition of "claimant agency" in Arkansas Code 26-36-303 to include the Arkansas Judicial Retirement System and the State Police Retirement System. This inclusion allows these systems to participate in the collection of debts through setoffs against state tax refunds.

Additionally, the bill modifies the definition of "debt" within the same code section to clarify that it encompasses any overpayment of benefits from a state retirement system administered by the Arkansas Public Employees' Retirement System. This change is intended to streamline the process of recovering overpayments and ensure that the retirement system can effectively manage its financial obligations.

Statutes affected:
HB 1208: 26-36-303(1), 26-36-303(2)
Act 128: 26-36-303(1), 26-36-303(2)