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Section 9-1-10. Definitions. - As used in this chapter, unless a different meaning is...
Section 9-1-20. South Carolina Retirement System created; system shall have powers and privileges of corporation; purposes of system. - A retirement system is hereby established and placed under the...
Section 9-1-30. Property of system exempt from taxation. - All property owned or acquired by the Retirement System for...
Section 9-1-40. Penalties for making false statement or record. - Any person who shall knowingly make any false statement or...
Section 9-1-50. Reservation of right to revise system to conform to changes in Federal Social Security Act. - The State hereby reserves the right, in case the Federal...
Section 9-1-60. Implementation of "cafeteria" plan. - (A) The System may develop and implement a program for...
Section 9-1-100. Payments to beneficiaries may include payments to persons, trustees, and estates. - Payments made to beneficiaries pursuant to the provisions of this...
Section 9-1-210. Board shall administer system. - The general administration and responsibility for the proper operation of...
Section 9-1-230. Authority to engage actuarial and other services. - The Board shall engage such actuarial and other services as...
Section 9-1-240. Actuary for board. - The board shall designate an actuary, subject to the approval...
Section 9-1-250. Investigation and valuation by actuary every five years. - At least once in each five-year period, the first of...
Section 9-1-260. Annual valuation by actuary. - On the basis of regular interest and tables last adopted...
Section 9-1-270. Board shall keep actuarial data in convenient form. - The Board shall keep in convenient form such data as...
Section 9-1-280. Board shall determine interest rate; base rate established. - The Board shall determine from time to time the rate...
Section 9-1-290. Rules and regulations. - Subject to the limitations hereof, the Board shall, from time...
Section 9-1-300. Records and reports. - The Board shall keep a record of all its proceedings...
Section 9-1-310. Administrative costs of retirement systems funded from interest earnings; allocation of costs. - The administrative cost of the South Carolina Retirement System, the...
Section 9-1-320. Confidentiality of member records. - All records of all active, retired, and inactive members maintained...
Section 9-1-410. Membership generally. - The membership of the System shall be composed as provided...
Section 9-1-420. Certain persons employed after December 31, 1948, are automatically members of system. - All persons who have or shall become teachers or employees...
Section 9-1-425. Contributing member of system. - Notwithstanding any other provision of law, a contributing member of...
Section 9-1-430. Special provision for certain persons employed between April 26, 1945 and December 31, 1966. - All persons who were teachers or State, county or municipal...
Section 9-1-450. Members of other agency or departmental retirement plans. - Notwithstanding any provisions to the contrary, any teacher or employee...
Section 9-1-460. Discontinuance of certain local plans or funds. - If the majority of the members of a retirement or...
Section 9-1-470. Political subdivisions may apply for admission to system as employers. - A county, municipality, or other political subdivision of the State,...
Section 9-1-480. Employees of political subdivisions as members. - All persons, except those specifically excluded in Sections 9-1-450 and...
Section 9-1-490. Firemen and peace officers. - A person employed by the State or by any county,...
Section 9-1-510. Option of employees and teachers receiving $100 or less a month; legislators, and certain elected officials. - All employees and teachers having a monthly compensation from public...
Section 9-1-520. Certain members of General Assembly may elect to remain members of system; contributions. - Members of the General Assembly who have been members of...
Section 9-1-530. Certain former legislators may elect to remain members following termination of service; contributions; members must establish service and qualify for allowance on or before December 31, 1965. - Members of the General Assembly who have been members of...
Section 9-1-540. Certain constitutional officers and members of General Assembly may elect, prior to December 31, 1965, to return to system. - Any constitutional officer who has been a member of the...
Section 9-1-550. Option of certain public school employees. - Any teacher or employee employed in connection with the public...
Section 9-1-560. Option of day laborers. - Day laborers may exercise an option not to become members...
Section 9-1-570. Option of state employees required to become members of Federal Railroad Retirement System. - Any person who becomes an employee of the State and,...
Section 9-1-580. Option of certain hospital employees. - (A) Any persons employed by a hospital, which is an...
Section 9-1-610. Determination of who is teacher or employee. - In all cases of doubt, the Board shall determine whether...
Section 9-1-620. Effect on members, beneficiaries, their widows or other dependents, of other statutes. - Subject to the provisions of Chapter 5 of this Title,...
Section 9-1-630. Certain persons may withdraw from system. - The Director of the South Carolina Retirement System is authorized...
Section 9-1-640. Employers and members divided into two classes; change from Class One to Class Two. - Notwithstanding any other provisions of law governing the System, effective...
Section 9-1-650. Continuation of membership in correlated systems. - As used in this section, "correlated system" shall mean one...
Section 9-1-660. Firemen eligible for Police Officers Retirement System; benefits. - Any county, municipality or other political subdivision of the State...
Section 9-1-670. Members eligible for membership in South Carolina State Employees Credit Union. - Notwithstanding any other provision of law, any person who is...
Section 9-1-810. Claims for prior service. - Under rules and regulations adopted by the Board, each member...
Section 9-1-820. Verification of service claimed; determination of compensation paid during period of prior service. - Subject to the restrictions herein contained and to such other...
Section 9-1-830. Prior service certificates. - Upon verification of such statements of service, the Board issued...
Section 9-1-840. What constitutes one year of service. - The Board shall fix and determine by appropriate rules and...
Section 9-1-1010. Assets to be credited to employee annuity savings fund and employer annuity accumulation fund. - All of the assets of the System are credited, according...
Section 9-1-1020. Employee annuity savings fund; deductions from compensation of members of System; employer to pay required member contributions on earnings after July 1, 1982; tax treatment; funding; retirement treatment. - The employee annuity savings fund shall be the account in...
Section 9-1-1030. Deductions must be made although compensation is reduced below legal minimum; consent to deductions. - The deductions provided for in Section 9-1-1020 shall be made...
Section 9-1-1050. Employer annuity accumulation fund; contributions paid by employers. - The employer annuity accumulation fund shall be the account: (1)...
Section 9-1-1060. Normal contribution rate. - On the basis of regular interest and of such mortality...
Section 9-1-1070. Accrued liability contribution rate. - The rate per cent determined immediately after the first valuation...
Section 9-1-1080. Minimum contributions to employer annuity accumulation fund. - The total amount payable in each year by each employer...
Section 9-1-1085. Employer and employee contribution rates. - (A) As provided in Sections 9-1-1020 and 9-1-1050, the employer...
Section 9-1-1090. Discontinuance of accrued liability contribution. - The accrued liability contribution shall be discontinued as soon as...
Section 9-1-1100. Employer annuities and benefits to be paid from employer annuity accumulation fund. - All employer annuities, and benefits in lieu thereof, must be...
Section 9-1-1110. Obligations of employer annuity accumulation fund. - The maintenance of employee annuity reserves and employer annuity reserves...
Section 9-1-1120. Transfer between funds on return of retired employee to active service. - Should any beneficiary be restored to active service and again...
Section 9-1-1130. Earnings to be credited to employer annuity accumulation fund. - All interest and dividends earned on the invested assets of...
Section 9-1-1135. Interest on member accounts. - (A) Interest must be credited to the account of each...
Section 9-1-1140. Establishing service credits by making payments into system; career highest fiscal year salary; credits during absences; employer payments; rules and regulations; credits for unused sick leave. - (A) An active member may establish service credit for any...
Section 9-1-1160. Collection of members' contributions; failure to make payroll reports and remittances; employer to pay required member contributions on earnings after July 1, 1982; tax treatment; funding; retirement treatment. - (A) The collection of members' contributions must be as follows:...
Section 9-1-1170. Collection of employers' contributions. - The collection of employers' contributions shall be made as follows:...
Section 9-1-1175. Employer contributions. - Effective July 1, 2006, the board shall increase the employer...
Section 9-1-1180. Deductions and employer contributions for teachers and employees of technical training schools. - The deductions authorized hereunder from the earnable compensation of teachers,...
Section 9-1-1190. Board may change accounting methods and procedures of system. - The Board may make such changes in the accounting methods...
Section 9-1-1210. Employer contributions shall reflect cost of Preretirement Death Benefit Program. - Notwithstanding any other provisions of law effective July 1, 1969,...
Section 9-1-1310. Trustee of retirement system; investment of funds. - (A) The South Carolina Public Employee Benefit Authority and the...
Section 9-1-1320. Custodian of assets of the Retirement System. - (A) The board is the custodian of the assets of...
Section 9-1-1330. Cash kept available with State Treasurer. - For the purpose of meeting disbursements for annuities and other...
Section 9-1-1340. Conflicts of interest and use of funds by commission members or employees. - Except as otherwise provided in this chapter or in Chapters...
Section 9-1-1350. Transfers from general fund authorized. - Notwithstanding the amounts annually appropriated as "State Employer Contributions", the...
Section 9-1-1510. Retirement of members at age 60 or after 28 years' service. - (A) A Class One or Class Two member may retire...
Section 9-1-1515. Early retirement. - (A) In addition to other types of retirement provided by...
Section 9-1-1540. Disability retirement. - (A) Upon the application of a member in service or...
Section 9-1-1545. Election between service retirement and disability retirement; receipt of service retirement pending approval of disability retirement. - A member may submit an application for service retirement and...
Section 9-1-1550. Service retirement allowances. - (A) Upon retirement from service on or after July 1,...
Section 9-1-1560. Allowances upon retirement for disability. - (A) Except as provided in subsection (E) of this section,...
Section 9-1-1570. Reexamination of beneficiaries retired on account of disability; consequences of refusal to submit to reexamination. - (A) Once each year during the first five years following...
Section 9-1-1580. Effect of ability to engage in gainful occupation; change in amount of disability retirement allowance. - Should the system report and certify to the Board that...
Section 9-1-1590. Effect of restoring beneficiaries to active service. - A disability beneficiary restored to active service at a salary...
Section 9-1-1610. Members of General Assembly may draw retirement benefits under certain conditions. - Any person who has been an active member of the...
Section 9-1-1615. Retirement allowances payable in monthly installments; payments after death of retired member. - All retirement allowances are payable in monthly installments. Upon the...
Section 9-1-1620. Optional forms of allowances. - (A) No later than the date the first payment of...
Section 9-1-1625. Compliance with Internal Revenue Code. - (A) This section applies to distributions made on or after...
Section 9-1-1630. Special benefits to teachers for service prior to July 1, 1945. - Teachers who retired between July 1, 1940 and July 1,...
Section 9-1-1640. Manner of paying annuities. - All employee and employer annuities shall be payable in equal...
Section 9-1-1650. Amounts paid upon termination of employment; election to leave contributions in system; effect of death before or after retirement. - (A) If a member ceases to be a teacher or...
Section 9-1-1660. Nominee on member's death may receive monthly allowance instead of accumulated contributions. - (A) The person nominated by a member to receive the...
Section 9-1-1665. Compliance with Internal Revenue Code Section 401(a)(9). - (A) Effective as of January 1, 1989, the system will...
Section 9-1-1670. Change or error in records. - (A) If a change or error in the records results...
Section 9-1-1680. Exemption from taxation and legal process; exceptions; assignment. - Except as provided in Section 9-18-10, and related sections, Article...
Section 9-1-1690. Credit of State is not pledged for payments; rights in case of termination of system or discontinuance of contributions. - All agreements or contracts with members of the System pursuant...
Section 9-1-1740. Increase in benefits for persons who were receiving benefits prior to July 1, 1966. - Effective July 1, 1967, the monthly benefits, inclusive of the...
Section 9-1-1750. Increase in benefits for persons who were receiving benefits prior to July 1, 1967 and subsequent to June 30, 1966. - Effective July 1, 1968, the monthly benefits, inclusive of the...
Section 9-1-1760. Increase in benefits for persons who retired prior to July 1, 1972. - All members of the State Retirement System who retired prior...
Section 9-1-1765. Additional increase in benefits for persons who retired prior to July 1, 1972. - In addition to the increase in the service retirement allowance...
Section 9-1-1766. Further additional increase in benefits for persons who retired prior to July 1, 1972. - In addition to the increase in the service retirement allowance...
Section 9-1-1767. Increase of benefits payable due to retirement before July 1, 1988 and July 1, 1989. - Effective July 1, 1988, the benefits payable due to retirement...
Section 9-1-1770. Preretirement Death Benefit Program; post-retirement benefit payment. - (A) There is created the Preretirement Death Benefit Program for...
Section 9-1-1775. Death Benefit Plan. - (A) The Death Benefit Plan for members of the South...
Section 9-1-1780. Recomputation allowances of certain persons having thirty-five or more years of creditable service. - Effective July 1, 1969, any monthly retirement allowance which commenced...
Section 9-1-1790. Amount which may be earned upon return to covered employment. - (A)(1) A retired member of the system who has been...
Section 9-1-1795. Employment of certain retired teachers without loss of retirement benefits; procedure by which retired teachers may be employed. - (A) A retired member of the system may return to...
Section 9-1-1800. Recalculation of benefits for certain persons who retired prior to July 1, 1964. - Effective July 1, 1969, the monthly benefits payable to or...
Section 9-1-1812. Revision of sections upon certain conditions. - If all or any portion of Sections 1 and 2...
Section 9-1-1814. Revision of sections upon certain conditions. - If for any reason, an assumed annual rate of return...
Section 9-1-1815. Retirement allowance adjustments. - Effective beginning July 1, 2012, and annually thereafter, the retirement...
Section 9-1-1830. Payment and transfer of funds to the employer annuity accumulation fund. - Starting July 1, 1981, there must be paid to the...
Section 9-1-1850. Purchases of additional service credit by members with at least twenty-five years of creditable service. - A member who has at least twenty-five years of creditable...
Section 9-1-1870. Beneficiaries receiving Medicaid (Title XIX) sponsored nursing home care; effect on benefits; exception. - Notwithstanding any other provision of law, except as provided below,...
Section 9-1-1910. Minimum allowance for persons retiring with twenty or more years of service, generally. - A member with five or more years of earned service,...
Section 9-1-1920. Minimum allowance for certain persons who retired prior to July 1, 1945. - Any public school teacher, State employee, or employee of an...
Section 9-1-1930. Minimum allowance for certain persons whose membership became effective on or after January 1, 1953. - Notwithstanding any other provision of law, any person whose membership...
Section 9-1-1940. Minimum allowance for certain persons whose membership became effective on or after January 1, 1951. - Notwithstanding any other provision of law, any person whose membership...
Section 9-1-1950. Minimum allowance for certain members of General Assembly. - Any member of the General Assembly who may retire under...
Section 9-1-1960. Additional payments to certain members of the General Assembly effective July 1, 1972. - Effective July 1, 1972, any member of the General Assembly...
Section 9-1-1970. Compensation used for determining benefits to be subject to federal limitations. - Effective as of January 1, 1996, the annual compensation of...
Section 9-1-1975. Compliance with USERRA. - Effective December 12, 1994, and notwithstanding any provision in this...
Section 9-1-1980. Compliance with Internal Revenue Code Section 415. - (A) Effective as of July 1, 1989, member contributions paid...
Section 9-1-2210. Repealed. - HISTORY: Former Section, titled Teacher and Employee Retention Incentive Program;...