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Section 24-12-112 - Proration upon insufficiency of fund — Arkansas Law | CourtGPT
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  7. Section 24-12-112 - Proration upon insufficiency of fund
Arkansas Legal Code

Section 24-12-112 - Proration upon insufficiency of fund

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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.Acts 1949, No. 147, § 11; A.S.A. 1947, § 19-932.