2005 Minnesota Statutes - 354A.09 — Pro rata distribution of funds.

     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. 


    HIST: (1365) 1909 c 343 s 8; 1979 c 217 s 5