Ark. Code Ann. § 24-6-506
Method of collection
Year: 2026Length: 152 words
A participant in the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan shall receive, at the option of the participant: (1) A lump-sum payment from the plan account equal to the payments to the plan account; (2) A true annuity based upon the plan account of the participant; or (3) Any other method of payment if approved by the Board of Trustees of the State Police Retirement System. Acts 2009, No. 1242, § 4.
A participant in the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan shall receive, at the option of the participant:
(1) A lump-sum payment from the plan account equal to the payments to the plan account;
(2) A true annuity based upon the plan account of the participant; or
(3) Any other method of payment if approved by the Board of Trustees of the State Police Retirement System.
Acts 2009, No. 1242, § 4.