In case the fund is insufficient to pay the annuity provided for in this part, there shall be a ratable distribution among such beneficiaries who may be entitled to the annuity, and there shall be no claim for any deficiency.
Insufficiency of fund to pay annuities
Tenn. Code Ann. § 49-5-908, under Teachers' Local Retirement Systems.
Tenn. Code Ann. § 49-5-908