If at any time there should not be sufficient money in the fund to pay each person a full amount to which he or she may be entitled, the beneficiaries shall be paid by prorating the fund available among them.
Structure Arkansas Code
Title 24 - Retirement And Pensions
Chapter 11 - Local Police And Fire Pension And Relief Funds
Subchapter 4 - Police Pension and Relief Funds — Cities of the First Class
§ 24-11-402. Vote to effect subchapter
§ 24-11-403. Creation of fund — Tax levy
§ 24-11-404. Tax levy for pensions in cities of first and second class
§ 24-11-405. Board of trustees
§ 24-11-406. Administration of small funds by Arkansas Local Police and Fire Retirement System
§ 24-11-407. List of retired police officers
§ 24-11-408. Treasurer as custodian of fund
§ 24-11-409. Deposit of moneys
§ 24-11-412. Report on condition of fund
§ 24-11-413. Moneys added to fund — Contributions
§ 24-11-415. Proceeds derived from sale of confiscated goods
§ 24-11-416. Proration where fund insufficient
§ 24-11-417. Subjection of fund to legal process
§ 24-11-418. Former military service credit purchase
§ 24-11-421. Credited service — Restoration
§ 24-11-422. Benefits — Voluntary retirement
§ 24-11-423. Benefits — Disability retirement
§ 24-11-424. Benefits — Retirant receiving less than one-half salary
§ 24-11-425. Benefits — Death of active or retired member
§ 24-11-426. Optional vesting rights policy
§ 24-11-428. Return of salary deductions
§ 24-11-432. Additional benefits for certain officers hired prior to January 1, 1983
§ 24-11-433. Police pension funds — Partial disability pensions
§ 24-11-434. Deferred retirement option plan
§ 24-11-437. Credited service — Purchase of former law enforcement service