Arkansas § 24-6-506 Method of collection

Arkansas Statutes

§ 24-6-506 — Method of collection

Arkansas § 24-6-506

Title24

This text of Arkansas § 24-6-506 (Method of collection) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 24-6-506 (2026).

Text

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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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.