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 revise the age and service requirements. By doing so, it seeks to ensure that the retirement plans remain relevant and equitable for public employees in Arkansas.