The bill titled "Every Arkansan Retirement Plan Opportunity Act" aims to establish a new retirement plan initiative for residents of Arkansas. The primary purpose of this act is to create a structured opportunity for all Arkansans to participate in a retirement savings plan, thereby enhancing financial security for individuals as they approach retirement.

The legislation introduces new legal language that formally establishes the "Every Arkansan Retirement Plan Opportunity Act," indicating a commitment by the state to support retirement planning for its citizens. This initiative is expected to provide a framework for accessible retirement savings options, promoting financial literacy and encouraging long-term savings among the population.