§ 48-105. Prorating of fund in event of insufficiency
Oklahoma Statutes AnnotatedTitle 11. Cities and Towns
11 Okl.St.Ann. § 48-105
§ 48-105. Prorating of fund in event of insufficiency
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.
Credits
Laws 1977, c. 256, § 48-105, eff. July 1, 1978.
11 Okl. St. Ann. § 48-105, OK ST T. 11 § 48-105
Current with emergency effective legislation through Chapter 29 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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