If at any time, from any unforeseen cause, there shall not be sufficient money in any such pension fund to pay each person entitled to the benefit thereof the full amount per month as herein provided, then an equal percentage of such monthly payment shall be made to each beneficiary until the fund shall be replenished sufficiently to warrant the resumption of payment thereafter of full pension pay to each of such beneficiaries, unless the city council shall by direct appropriation supplement the pension fund sufficiently to enable the board of trustees to pay the full amounts per month as herein provided.
HISTORY: 1962 Code Section 61-404; 1952 Code Section 61-404; 1942 Code Section 7532; 1932 Code Sections 7551 to 7566; Civ. C. '22 Sections 4658 to 4673; Civ. C. '12 Sections 2968 to 2983; 1904 (24) 490; 1945 (44) 236.
Structure South Carolina Code of Laws
Chapter 13 - Firemen's Pension Funds In Cities
Section 9-13-20. Board of trustees and officers.
Section 9-13-30. City attorney shall advise and represent board.
Section 9-13-40. Rules and regulations; decisions on applications.
Section 9-13-45. Annual actuarial valuation of assets and liabilities.
Section 9-13-50. Investment of fund.
Section 9-13-60. Selection of depository.
Section 9-13-70. Payments by treasurer to fund; collection of assessments.
Section 9-13-80. Sources of funds.
Section 9-13-90. Annual report of board.
Section 9-13-100. Record of proceedings.
Section 9-13-110. Interest on deposits or investments.
Section 9-13-120. Disbursement of funds.
Section 9-13-130. Only regular members are eligible for pensions or other benefits.
Section 9-13-150. Retirement after twenty-five years of service.
Section 9-13-160. Disability retirement.
Section 9-13-170. Amount of pension upon disability retirement.
Section 9-13-180. Effect of demotion for political reasons.
Section 9-13-190. Funeral benefits.
Section 9-13-200. Proration of benefits when fund is insufficient.
Section 9-13-210. Fund shall contain minimum amount as a prerequisite to payment.
Section 9-13-220. Record of retired firemen.
Section 9-13-230. Fund and payments not subject to execution or other legal process.