This bill aims to amend the existing laws related to the administration of the Arkansas Teacher Retirement System. The primary purpose is to enhance the governance and operational framework of the retirement system, ensuring it effectively serves the needs of Arkansas teachers.

The new legal language inserted into the current law clarifies the intent of the act, specifically stating that it is focused on the administration of the Arkansas Teacher Retirement System. This amendment is intended to streamline processes and improve the overall management of the retirement system for educators in the state.