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ARKANSAS STATUTES AND CODES
§ 24-6-506 - Method of collection.
24-6-506. Method of collection.
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.
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.
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