At the option of the participant, the participant in the Local Police and Fire Deferred Retirement Option Plan shall receive:
(1) A lump-sum payment from the account equal to the payments into the plan account;
(2) A monthly annuity that is the actuarial equivalent of the lump-sum amount and paid in the form of one (1) of the options for an annuity under ยง 24-10-603; or
(3) Another method of payment if another method is approved by the Board of Trustees of the Arkansas Local Police and Fire Retirement System.
Section: Previous 24-10-702 24-10-703 24-10-704 24-10-705 24-10-706 24-10-707 24-10-708 24-10-709 NextLast modified: November 15, 2016