In the event that the assets of the special retirement fund of the 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.
Minn. Stat. § 354A.09
PRO RATA DISTRIBUTION OF FUNDS.
(1365) 1909 c 343 s 8; 1979 c 217 s 5; 2024 c 102 art 11 s 14
Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.