§ 24-10-615 - Suspension of payments upon request. - Arkansas Statutes

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Statutes > Arkansas > Title-24 > Chapter-10 > Subchapter-6 > 24-10-615

24-10-615. Suspension of payments upon request.

(a) Notwithstanding any other provision of a plan, a person entitled to receive a plan benefit may request the plan in writing, for personal reasons and without disclosure thereof, to suspend for any period the payment of all or any part of the benefit otherwise payable to him or her under this chapter.

(b) Upon receipt of the request, the plan shall authorize the suspension, and the person shall be deemed to have forfeited all rights to the amount of benefits so suspended but shall have the right to have the full benefit otherwise payable reinstated as to future monthly payments upon written notice to the plan to revoke the prior request for a suspension under this section.

State Codes and Statutes

Statutes > Arkansas > Title-24 > Chapter-10 > Subchapter-6 > 24-10-615

24-10-615. Suspension of payments upon request.

(a) Notwithstanding any other provision of a plan, a person entitled to receive a plan benefit may request the plan in writing, for personal reasons and without disclosure thereof, to suspend for any period the payment of all or any part of the benefit otherwise payable to him or her under this chapter.

(b) Upon receipt of the request, the plan shall authorize the suspension, and the person shall be deemed to have forfeited all rights to the amount of benefits so suspended but shall have the right to have the full benefit otherwise payable reinstated as to future monthly payments upon written notice to the plan to revoke the prior request for a suspension under this section.

State Codes and Statutes

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State Codes and Statutes

Statutes > Arkansas > Title-24 > Chapter-10 > Subchapter-6 > 24-10-615

24-10-615. Suspension of payments upon request.

(a) Notwithstanding any other provision of a plan, a person entitled to receive a plan benefit may request the plan in writing, for personal reasons and without disclosure thereof, to suspend for any period the payment of all or any part of the benefit otherwise payable to him or her under this chapter.

(b) Upon receipt of the request, the plan shall authorize the suspension, and the person shall be deemed to have forfeited all rights to the amount of benefits so suspended but shall have the right to have the full benefit otherwise payable reinstated as to future monthly payments upon written notice to the plan to revoke the prior request for a suspension under this section.