§88-87  Adjustment for deficiency inaccumulated contributions.  Upon retirement, the maximum retirementallowance of any member whose accumulated contributions are deficient shall bereduced by an amount which is the actuarial equivalent of the amount of thedeficiency.  A deficiency shall be the amount by which a member's accumulatedcontributions fail to equal the accumulated contributions which would bestanding to the member's account had the member contributed at the full raterequired by law.  Deficiencies may be paid by the member in advance ofretirement, in which case the member's retirement allowance shall not bereduced. [L 1969, c 110, pt of §1; gen ch 1985; am L 2000, c 215, §3]