The board of trustees shall designate an actuary who shall, on the basis of regular interest and tables last adopted by the board, make an annual valuation of the contingent assets and liabilities of the system.
HISTORY: 1979 Act No. 79 Section 11.
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.