The bill aims to enhance the administration of benefits under the Arkansas Judicial Retirement System by addressing the subjection of annuity rights to legal processes and correcting errors related to benefit payments. It introduces new provisions that clarify that annuity rights, accumulated contributions, and related funds are generally protected from execution, garnishment, and other legal processes, 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, ensuring that individuals who have received overpayments can be notified and that recovery is limited to five years unless fraud or gross negligence is involved. It also mandates that underpayments be rectified promptly, with lump-sum payments for any owed amounts. An emergency clause is included, emphasizing the immediate need for these revisions to ensure fair and efficient administration of benefits within the system.