This bill aims to amend the existing laws related to the administration of the Arkansas Public Employees' Retirement System. The primary purpose of the act is to enhance the governance and operational framework of the retirement system, ensuring it meets the needs of public employees in Arkansas.

The new legal language inserted into the current law clarifies the intent of the act, specifically stating that its purpose is to amend the law concerning the administration of the Arkansas Public Employees' Retirement System. This amendment is intended to provide a clearer understanding of the legislative goals and improve the overall management of the retirement system.