§ 58-86-65. Pro rata reduction of benefits when fund insufficient to pay in full.

§58‑86‑65.  Pro rata reduction of benefits when fund insufficient topay in full.

If, for any reason, the fundcreated and made available for any purpose covered by this Article shall beinsufficient to pay in full any pension benefits, or other charges, then allbenefits or payments shall be reduced pro rata, for as long as the deficiencyin amount exists. No claim shall accrue with respect to any amount by which apension or benefit payment shall have been reduced. (1957, c. 1420, s. 1; 1959,c. 1212, s. 1; 1981, c. 1029, s. 1.)