Before the date the first payment of a member's annuity is due, a member may elect to receive the annuity as a straight life annuity or as one (1) of the reduced annuity options provided in § 24-4-606.
Annuity options
Ark. Code Ann. § 24-4-1104 — under Arkansas Public Employees' Retirement System.
Ark. Code Ann. § 24-4-1104