354A.09 PRO RATA DISTRIBUTION OF FUNDS.
In the event that the assets of the special retirement fund of a teachers retirement fund
association are not sufficient to pay annuities and other retirement benefits in full as they come
due in any particular year, the amount of special retirement fund assets available for payment
shall be prorated among those annuitants and beneficiaries entitled to receive annuities and other
retirement benefits.
History: (1365) 1909 c 343 s 8; 1979 c 217 s 5