Arkansas Statutes
§ 24-11-416 — Proration where fund insufficient
Arkansas·Title 24
If at any time there should not be sufficient money in the fund to pay each person a full amount to which he or she may be entitled, the beneficiaries shall be paid by prorating the fund available among them.
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Related
Opinion No.
(Arkansas Attorney General Reports, 1993)
Legislative History
Acts 1937, No. 250, § 11; Pope's Dig., § 9866; A.S.A. 1947, § 19-1811.
Nearby Sections
15
§ 24-1-101
Assets and income for retirement systems§ 24-1-102
Annual valuation§ 24-1-103
Change of contribution rate§ 24-1-105
Liabilities exceeding thirty-year amortization period - Legislated benefit enhancement prohibited§ 24-1-106
Benefit enhancements§ 24-1-201
Declaration of policy§ 24-1-202
Definitions§ 24-1-203
Rules§ 24-1-206
Agents§ 24-1-207
Contributions - State employees