Oklahoma Statutes
§ 11-48-105 — Prorating of fund in event of insufficiency.
Oklahoma·Title 11 Cities And Towns
If the funds in any retirement system are insufficient to make full payment of the amount of retirement benefits or allowances to any eligible persons under the rules and regulations of the municipality, then the fund shall be prorated among those entitled thereto as the board of trustees administering the fund shall determine to be just and equitable.
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Oklahoma § 11-48-105 (Prorating of fund in event of insufficiency.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Laws 1977, c. 256, § 48-105, eff. July 1, 1978.
Nearby Sections
15
§ 11-1-101
Short title.§ 11-1-102
Definitions.§ 11-1-103
Saving vested rights.§ 11-10-102
Governing body.§ 11-10-103
Qualifications of councilmembers.§ 11-10-104
Election of mayor and vice-mayor.§ 11-10-105
Duties of mayor and vice-mayor.§ 11-10-108
Council - Meetings.§ 11-10-109
Council - Quorum - Rules and voting.§ 11-10-111
Compensation of elective officers.