{"data":{"id":"us-ar/ark.-code-ann.-24-10-705","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 24-10-705","heading":"Method of payment","body":"At the option of the participant, the participant in the Local Police and Fire Deferred Retirement Option Plan shall receive:\n\n(1) A lump-sum payment from the account equal to the payments into the plan account;\n\n(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 § 24-10-603 ; or\n\n(3) Another method of payment if another method is approved by the Board of Trustees of the Arkansas Local Police and Fire Retirement System.","path":["AR Code","Title 24","Chapter 10","Subchapter 7"],"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":"bfbe3ae3dcf04fee137242e7e61e84da9d851ce77659b12434220054f23dc4f4","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-24-10-704","next":"us-ar/ark.-code-ann.-24-10-706"},"notice":"GroundRules: Original legal text. Not legal advice."}