There are hereby authorized to be appropriated annually to the contribution fund, to be available for the purposes of Section 9-5-480 until expended, such sums as are found to be necessary in order to make the payments to the Secretary of the Treasury which the State is obligated to make pursuant to an agreement entered into under Sections 9-5-210 to 9-5-230.
The State agent shall submit to each regular session of the State legislature, at least ninety days in advance of the beginning of such session, an estimate of the amounts authorized to be appropriated to the contribution fund by this section for the next appropriation period.
HISTORY: 1962 Code Section 61-244; 1955 (49) 43.
Structure South Carolina Code of Laws
Chapter 5 - State Retirement And Social Security Act Of 1955
Section 9-5-20. Declaration of policy.
Section 9-5-40. Chapter 3 of this Title not affected.
Section 9-5-50. State agent shall make rules and regulations.
Section 9-5-60. State agent shall submit report to legislature.
Section 9-5-220. Agreement may be made through modification of existing agreement.
Section 9-5-230. Terms of agreement.
Section 9-5-410. Contributions of employees; deduction from wages; refunds and adjustments.
Section 9-5-420. Collection of employees' contributions by employer.
Section 9-5-430. Contributions of employers.
Section 9-5-440. Reports of employers.
Section 9-5-460. Contribution fund established; items to be deposited; administration.
Section 9-5-470. State Treasurer to be custodian of fund; payment of warrants drawn on fund.