The bill amends the Arkansas Code to enhance the administration of benefits by the Arkansas Judicial Retirement System, specifically addressing the subjection of annuity rights to legal processes and the correction of errors in benefit payments. It introduces new provisions that state annuity rights and related benefits are not subject to execution, garnishment, or bankruptcy laws, with specific exceptions for claims related to embezzlement or fraud, and for court-ordered support payments for minor dependents. Additionally, the bill outlines procedures for correcting errors in benefit payments, including the recovery of overpayments and the payment of underpayments, ensuring that adjustments are made equitably and practically.

Furthermore, the bill includes an emergency clause, indicating that the revisions are urgently needed to improve clarity and efficiency within the Arkansas Judicial Retirement System. The act is designed to ensure fair and accurate administration of benefits for all participants and will take effect immediately upon approval by the Governor or under specified conditions if not vetoed.