(a) The Board of Trustees of the Arkansas Judicial Retirement System shall present to the Joint Committee on Public Retirement and Social Security Programs information concerning the statutory authority and actuarial appropriateness of proposed board actions to establish or revise a multiplier or any benefit.
(b) An individual who received a refund of contributions from the Arkansas Judicial Retirement System after January 1, 1998, may repay the contributions to the system no later than six (6) months after July 1, 1999.