A participant in the Arkansas State Police Officers Deferred Option Plan shall receive, at the option of the participant, a lump-sum payment from the account equal to the payments to the account, or a true annuity based upon the account of the participant, or may elect any other method of payment if approved by the Board of Trustees of the State Police Retirement System.
Ark. Code Ann. § 24-6-305
Method of collection
Applied in 2 court decisions — leading case Arkansas State Police Retirement System v. Sligh (2017)
Most recently applied in Arkansas State Police Retirement System v. Sligh (March 2017)
Acts 1995, No. 967, § 1.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.