Sec. 9.08. INSUFFICIENT FUNDS; PRORATED REDUCTION IN BENEFITS. If for any reason the funds available for any purpose covered by this Act become insufficient to pay in full any benefit payable under this Act, all benefits being paid by the fund shall be reduced pro rata for the time the deficiency exists.
Structure Texas Statutes
Article 6243e.1. Firefighters Relief and Retirement Fund in Cities of 450,000 to 500,000
Article 9. Miscellaneous Provisions Regarding Benefits
Section 9.01. Time for Payment to Retired Members
Section 9.02. Time for Payment to Survivors; Payment to Estate
Section 9.03. Limitation on Payment of Benefits
Section 9.04. Cost-of-Living Adjustment; Other Adjustments
Section 9.06. Withdrawal of Contributions
Section 9.07. Escheat of Contributions
Section 9.08. Insufficient Funds; Prorated Reduction in Benefits