South Carolina Statutes
§ 9-13-200 — Proration of benefits when fund is insufficient.
If at any time, from any unforeseen cause, there shall not be sufficient money in any such pension fund to pay each person entitled to the benefit thereof the full amount per month as herein provided, then an equal percentage of such monthly payment shall be made to each beneficiary until the fund shall be replenished sufficiently to warrant the resumption of payment thereafter of full pension pay to each of such beneficiaries, unless the city council shall by direct appropriation supplement the pension fund sufficiently to enable the board of trustees to pay the full amounts per month as herein provided.
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Legislative History
HISTORY: 1962 Code SECTION 61-404; 1952 Code SECTION 61-404; 1942 Code SECTION 7532; 1932 Code SECTIONS 7551 to 7566; Civ. C. '22 SECTIONS 4658 to 4673; Civ. C. '12 SECTIONS 2968 to 2983; 1904 (24) 490; 1945 (44) 236.
Nearby Sections
15
§ 9-13-100
Record of proceedings.§ 9-13-110
Interest on deposits or investments.§ 9-13-120
Disbursement of funds.§ 9-13-160
Disability retirement.§ 9-13-190
Funeral benefits.§ 9-13-20
Board of trustees and officers.§ 9-13-220
Record of retired firemen.