Oklahoma Statutes (Last Updated: September 18, 2014)

§ 11-48-105. Prorating of fund in event of insufficiency.

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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.

Laws 1977, c. 256, § 48-105, eff. July 1, 1978.

                    
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