This bill amends the Arkansas Code to enhance the administration of benefits under the Arkansas Judicial Retirement System, specifically addressing the subjection of annuity rights to legal processes and the correction of errors in benefit payments. It establishes that annuity rights, accumulated contributions, and related benefits 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 receive the correct amounts owed to them. It allows the Executive Director of the Arkansas Judicial Retirement System to rectify any discrepancies in payments, recover overpayments within a five-year limit, and compensate for underpayments regardless of when they are identified. An emergency clause is included, emphasizing the immediate need for these revisions to ensure fair and efficient administration of benefits within the system.