86.553. Payments prorated if money insufficient for full payment. - Missouri Statutes

Payments prorated if money insufficient for full payment.

86.553. If at any time there shall not be sufficient moneyin such pension fund to pay each person the full amount per monthas herein provided, then an equal percentage of such monthlypayment shall be made to each beneficiary until the said fund inthe judgment of the board of trustees shall be sufficient inamount to resume the payment in full of such pension awards andthe payment of sums previously deducted.

(RSMo 1939 § 9487)

Prior revision: 1929 § 8925