AR SB134

Changes Arkansas Code § 24-7-305(b) to replace "deems" with "considers" and reorganizes subsection numbering for Arkansas Teacher Retirement System board rule-making authority regarding federal compliance and Internal Revenue Code requirements.

Amends Arkansas Code § 24-11-102(b)(4)(B) to clarify reference to "Arkansas Fire and Police Pension Review Board" instead of generic "review board" for executive director actions.

Updates Arkansas Code § 24-11-203(d) to standardize language regarding employer member qualifications for the Arkansas Fire and Police Pension Review Board, listing pension and relief fund types consistently.

Reorganizes and clarifies Arkansas Code § 24-11-205(b)(6) regarding actuarial assumptions for pension funds without substantive changes to investment return rates, pay increase assumptions, or employee group size limits.

Makes stylistic and clarifying changes throughout Title 24 including pronoun replacements ("he or she" to "the member"), internal reference corrections, and removal of references to repealed code sections in firefighter benefit and retirement provisions.