Effective July 1, 2012, and annually thereafter, the retirement allowance received by retirees and their surviving annuitants pursuant to the provisions of this chapter, inclusive of Section 9-11-140 must be increased by the lesser of one percent or five hundred dollars. Only those retirees and their surviving annuitants in receipt of an allowance on July first preceding the effective date of the increase are eligible to receive the increase. Any increase in allowance granted pursuant to this section must be included in the determination of any subsequent increase.
HISTORY: 2012 Act No. 278, Pt III, Section 19.A, eff July 1, 2012.
Structure South Carolina Code of Laws
Chapter 11 - Police Officers Retirement System
Section 9-11-15. Payments to beneficiaries may include payments to persons, trustees, and estates.
Section 9-11-20. System created; corporate powers; name; director.
Section 9-11-25. Retirement of probate judges.
Section 9-11-27. Magistrates' participation in the South Carolina Police Officers Retirement System.
Section 9-11-30. The Board shall administer system; powers and duties.
Section 9-11-35. Confidentiality of member records.
Section 9-11-48. Transfer of local retirement system for firefighters to state system.
Section 9-11-90. Effect of restoring beneficiary to service; retirement after return to service.
Section 9-11-100. Members who stop police work may withdraw contributions.
Section 9-11-110. Lump sum paid in event of death.
Section 9-11-120. Preretirement Death Benefit Program; post-retirement death benefit payment.
Section 9-11-125. Death Benefit Plan.
Section 9-11-130. Survivor may elect to receive allowance for life in lieu of lump-sum payment.
Section 9-11-140. Accidental Death Benefit Program.
Section 9-11-150. Optional forms of retirement allowances.
Section 9-11-155. Compliance with Internal Revenue Code.
Section 9-11-160. Allowances paid monthly.
Section 9-11-170. Supplemental Allowance Program.
Section 9-11-175. Compliance with Internal Revenue Code Section 401(a)(9).
Section 9-11-220. Contributions of employers.
Section 9-11-225. Employer and employee contribution rates.
Section 9-11-260. Deposit of assets.
Section 9-11-265. Interest on member accounts.
Section 9-11-290. Property of system is exempt from state and local taxes.
Section 9-11-300. Increase in retirement allowances as of July 1, 1974.
Section 9-11-312. Retirement allowance adjustment.
Section 9-11-320. False statements and falsification of records.
Section 9-11-350. Compensation used to determine benefits to be subject to federal limitations.
Section 9-11-355. Compliance with USERRA.
Section 9-11-360. Compliance with Internal Revenue Code Section 415.
Section 9-11-525. Increase in monthly benefits under Police Insurance and Annuity Fund.