Arkansas Code § 24-12-112 - Proration Upon Insufficiency of Fund

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.

Section: Previous  24-12-105  24-12-106  24-12-107  24-12-108  24-12-109  24-12-110  24-12-111  24-12-112  24-12-113  24-12-114  24-12-115  24-12-116  24-12-117  24-12-118  24-12-120  Next

Last modified: November 15, 2016