{"data":{"id":"us-ar/ark.-code-ann.-24-10-614","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 24-10-614","heading":"Payment of reserve value","body":"(a) The plan may pay the reserve value of any annuity benefit to a retirant or beneficiary when the annuity benefit payment is less than twenty dollars ($20.00) per month, except that the consent of the payee shall be required if the payment exceeds one thousand seven hundred fifty dollars ($1,750).\n\n(b) The reserve value shall be the actuarial equivalent of the annuity otherwise payable.\n\n(c) Any lump-sum payment so made shall be a complete discharge of all liability under the plan with respect to the annuity.","path":["AR Code","Title 24","Chapter 10","Subchapter 6"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"d078932557309c534eb28197d1c13a2b2a1bc2eadb324f554f3ed37b017ef439","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-24-10-613","next":"us-ar/ark.-code-ann.-24-10-615"},"notice":"GroundRules: Original legal text. Not legal advice."}