Arkansas Statutes
§ 24-6-506 — Method of collection
Arkansas·Title 24
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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Legislative History
Acts 2009, No. 1242, § 4.
Nearby Sections
15
§ 24-1-101
Assets and income for retirement systems§ 24-1-102
Annual valuation§ 24-1-103
Change of contribution rate§ 24-1-105
Liabilities exceeding thirty-year amortization period - Legislated benefit enhancement prohibited§ 24-1-106
Benefit enhancements§ 24-1-201
Declaration of policy§ 24-1-202
Definitions§ 24-1-203
Rules§ 24-1-206
Agents§ 24-1-207
Contributions - State employees