(a) Any provision in this subchapter to the contrary notwithstanding, if in any year, the aggregate amount of pensions payable to retirants and beneficiaries is more than the total monies in the pension fund arising from:
(1) City and state contributions; and
(2) Contributions made by members on whose account pensions are being paid.
(b) Then the pensions being so paid shall be reduced pro rata so that the aggregate amount of the reduced pensions does not exceed the total of the monies in the pension fund arising from:
(1) City and state contributions; and
(2) Contributions made by members on whose account pensions are being paid.
(1957 Rev. Ords., § 2.1130; 1992 Code, § 35-110)