Pilot bearing for 5.7 Hemi Crank

I have a challenger 6spd going in my 5.7 which was from an 07 auto Charger. I have the pilot bearing pn#53009180AB


The bearing fits perfect on the input shaft, now is it a matter of removing the ring that I have pointed to in the picture and putting in the new bearing? If so how do you go about this?