This bill aims to amend existing laws related to the age and years of service requirements for various state retirement systems and Arkansas public employee retirement plans. The proposed changes are intended to clarify and update the criteria that govern eligibility for retirement benefits within these systems.
Specifically, the bill introduces new legal language that emphasizes the purpose of the act, which is to address the age and service requirements for retirement. By doing so, it seeks to ensure that the regulations governing retirement eligibility are current and effectively meet the needs of public employees in Arkansas.