(A) Compliance by the trustee, commission, or other fiduciary with Sections 9-16-30, 9-16-40, and 9-16-50 must be determined in light of the facts and circumstances existing at the time of the trustee's, commission's, or fiduciary's decision or action and not by hindsight.
(B) The commission's investment and management decisions must be evaluated not in isolation but in the context of the trust portfolio as a whole and as a part of an overall investment strategy having risk and return objectives reasonably suited to the retirement system.
HISTORY: 1998 Act No. 371, Section 2, eff May 26, 1998; 2005 Act No. 153, Pt IV, Section 2, eff July 1, 2005.
Structure South Carolina Code of Laws
Chapter 16 - Retirement System Funds
Section 9-16-40. Standards for discharge of duty.
Section 9-16-90. Quarterly and annual investment reports; contents.
Section 9-16-100. Restrictions on lobbyists.
Section 9-16-335. Assumed annual rate of return.
Section 9-16-345. Minority and minority-owned business representation.
Section 9-16-360. Standards of conduct for fiduciary or employee of fiduciary.
Section 9-16-380. Audit of Retirement System Investment Commission.