This bill aims to amend existing laws related to credited service within the Arkansas Teacher Retirement System. The primary purpose of the act is to clarify and update the regulations governing how credited service is calculated and recognized for teachers participating in the retirement system.
The new legal language inserted into the current law emphasizes the intent to enhance the understanding and application of credited service provisions. By doing so, the bill seeks to ensure that teachers receive appropriate recognition for their service, which may impact their retirement benefits.