Arkansas Statutes
§ 24-12-112 — Proration upon insufficiency of fund
Arkansas·Title 24
If at any time there should not be sufficient money in the pension and relief fund for paid nonuniformed employees 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 in accordance with the respective benefits being received by them under this act.
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Arkansas § 24-12-112 (Proration upon insufficiency of fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1949, No. 147, § 11; A.S.A. 1947, § 19-932.
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