Okla. Stat. tit. 19 § 955

Current through Laws 2024, c. 378.
Section 955 - Prorating in case of insufficiencies

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 board of trustees then such fund shall be prorated among those entitled thereto as the board of trustees administering said fund shall determine to be just and equitable.

Okla. Stat. tit. 19, § 955

Added by Laws 1961, HB 858, p. 218, § 5, emerg. eff. 7/14/1961.