Okla. Stat. tit. 11, § 11-48-105
This is the official text of Okla. Stat. tit. 11, § 11-48-105, part of Oklahoma’s Stat. tit. 11, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 11,." Browse the sections below, each linked to its official government source.
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Prorating of fund in event of insufficiency
Official statutory text
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.
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.
Status: in_force · Read it on the official government site
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