South Carolina Code of Laws
Title 9 - Retirement Systems
Chapter 16 - Retirement System Funds

Section 9-16-10. Definitions. - As used in this chapter, unless a different meaning is...

Section 9-16-20. Investment and management authority of commission; holding assets in group trust under Section 401(a)(24) of the Internal Revenue Code. - (A) All assets of a retirement system are held in...

Section 9-16-30. Delegation of functions by commission; standard of care; agent's duty and submission to jurisdiction. - (A) The commission may delegate functions that a prudent person...

Section 9-16-40. Standards for discharge of duty. - A trustee, commission member, or other fiduciary shall discharge duties...

Section 9-16-50. Investment and management considerations by trustee; diversification; verification of facts; statement of investment objectives and policies. - (A) In investing and managing assets of a retirement system...

Section 9-16-55. Investments in companies that in their operations are complicit with the government of Sudan in the Darfur genocide. - (A) As used in this section: (1) "Active business operations"...

Section 9-16-60. Evaluation of fiduciary's compliance with law not to be hindsight; decision-making evaluated in context of whole portfolio. - (A) Compliance by the trustee, commission, or other fiduciary with...

Section 9-16-70. Liability for breach of duty; insurance by retirement system or fiduciary; disclosure of terms and conditions. - (A) A commission member or other fiduciary who breaches a...

Section 9-16-80. Investment meetings of board or commission as executive sessions exempt from disclosure; records of meetings. - (A) Meetings by the board while acting as trustee of...

Section 9-16-90. Quarterly and annual investment reports; contents. - (A)(1) The commission shall provide investment reports at least quarterly...

Section 9-16-100. Restrictions on lobbyists. - (A) A lobbyist, as defined in Section 2-17-10(13), may not...

Section 9-16-315. Retirement System Investment Commission; membership; terms; qualifications; chief executive officer; chief investment officer and administrative staff; attorneys; costs and salary. - (A) There is established the "Retirement System Investment Commission" (RSIC)...

Section 9-16-320. Adoption of annual investment plan; quarterly review; deliberations in executive session; independent advisors. - (A) The commission shall meet no later than May first...

Section 9-16-330. Statement of actuarial assumptions and investment objectives; delegation of final authority to invest; components of plan; diversification; verification of investment facts; analysis and recommendations. - (A) The commission shall provide the chief executive officer and...

Section 9-16-335. Assumed annual rate of return. - (A) For all purposes of this title, the assumed annual...

Section 9-16-340. Investment of retirement systems assets; annual investment plan; adoption and review. - (A) The commission, acting through the chief investment officer, shall...

Section 9-16-345. Minority and minority-owned business representation. - In hiring and procurement in the implementation and administration of...

Section 9-16-350. Use of information for self-interest; blind trusts; violations; punishment; provisions cumulative with other laws. - (A) It is unlawful for a member, employee, or agent...

Section 9-16-360. Standards of conduct for fiduciary or employee of fiduciary. - (A) In addition to and not in lieu of the...

Section 9-16-370. Defense and indemnification of Retirement System Investment Commission members, officers, and management employees. - The State shall defend the members of the Retirement System...

Section 9-16-380. Audit of Retirement System Investment Commission. - Every four years the State Auditor shall employ a private...

Section 9-16-710. Investment education services. - Notwithstanding an employee's right to obtain educational and administrative services...