Title VII CITIES, TOWNS AND VILLAGES Chapter 86 • Effective - 28 Aug 1939, 2 histories 86.553. Payments prorated if money insufficient for full payment. — If at any time there shall not be sufficient money in such pension fund to pay each person the full amount per month as herein provided, then an equal percentage of such monthly payment shall be made to each beneficiary until the said fund in the judgment of the board of trustees shall be sufficient in amount to resume the payment in full of such pension awards and the payment of sums previously deducted. -------- (RSMo 1939 § 9487) Prior revision: 1929 § 8925
Missouri Legal Code