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South Carolina Retirement System

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Definitions.

South Carolina Retirement System created; system shall have powers and privileges of corporation; purposes of system.

Property of system exempt from taxation.

Penalties for making false statement or record.

Reservation of right to revise system to conform to changes in Federal Social Security Act.

Implementation of "cafeteria" plan.

Section
9-1-100

Payments to beneficiaries may include payments to persons, trustees, and estates.

Section
9-1-210

Board shall administer system.

Section
9-1-230

Authority to engage actuarial and other services.

Section
9-1-240

Actuary for board.

Section
9-1-250

Investigation and valuation by actuary every five years.

Section
9-1-260

Annual valuation by actuary.

Section
9-1-270

Board shall keep actuarial data in convenient form.

Section
9-1-280

Board shall determine interest rate; base rate established.

Section
9-1-290

Rules and regulations.

Section
9-1-300

Records and reports.

Section
9-1-310

Administrative costs of retirement systems funded from interest earnings; allocation of costs.

Section
9-1-320

Confidentiality of member records.

Section
9-1-410

Membership generally.

Section
9-1-420

Certain persons employed after December 31, 1948, are automatically members of system.

Section
9-1-425

Contributing member of system.

Section
9-1-430

Special provision for certain persons employed between April 26, 1945 and December 31, 1966.

Section
9-1-450

Members of other agency or departmental retirement plans.

Section
9-1-460

Discontinuance of certain local plans or funds.

Section
9-1-470

Political subdivisions may apply for admission to system as employers.

Section
9-1-480

Employees of political subdivisions as members.

Section
9-1-490

Firemen and peace officers.

Section
9-1-510

Option of employees and teachers receiving $100 or less a month; legislators, and certain elected officials.

Section
9-1-520

Certain members of General Assembly may elect to remain members of system; contributions.

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.

Section
9-1-540

Certain constitutional officers and members of General Assembly may elect, prior to December 31, 1965, to return to system.

Section
9-1-550

Option of certain public school employees.

Section
9-1-560

Option of day laborers.

Section
9-1-570

Option of state employees required to become members of Federal Railroad Retirement System.

Section
9-1-580

Option of certain hospital employees.

Section
9-1-610

Determination of who is teacher or employee.

Section
9-1-620

Effect on members, beneficiaries, their widows or other dependents, of other statutes.

Section
9-1-630

Certain persons may withdraw from system.

Section
9-1-640

Employers and members divided into two classes; change from Class One to Class Two.

Section
9-1-650

Continuation of membership in correlated systems.

Section
9-1-660

Firemen eligible for Police Officers Retirement System; benefits.

Section
9-1-670

Members eligible for membership in South Carolina State Employees Credit Union.

Section
9-1-810

Claims for prior service.

Section
9-1-820

Verification of service claimed; determination of compensation paid during period of prior service.

Section
9-1-830

Prior service certificates.

Section
9-1-840

What constitutes one year of service.

Section
9-1-1010

Assets to be credited to employee annuity savings fund and employer annuity accumulation fund.

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.

Section
9-1-1030

Deductions must be made although compensation is reduced below legal minimum; consent to deductions.

Section
9-1-1050

Employer annuity accumulation fund; contributions paid by employers.

Section
9-1-1060

Normal contribution rate.

Section
9-1-1070

Accrued liability contribution rate.

Section
9-1-1080

Minimum contributions to employer annuity accumulation fund.

Section
9-1-1085

Employer and employee contribution rates.

Section
9-1-1090

Discontinuance of accrued liability contribution.

Section
9-1-1100

Employer annuities and benefits to be paid from employer annuity accumulation fund.

Section
9-1-1110

Obligations of employer annuity accumulation fund.

Section
9-1-1120

Transfer between funds on return of retired employee to active service.

Section
9-1-1130

Earnings to be credited to employer annuity accumulation fund.

Section
9-1-1135

Interest on member accounts.

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.

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.

Section
9-1-1170

Collection of employers' contributions.

Section
9-1-1175

Employer contributions.

Section
9-1-1180

Deductions and employer contributions for teachers and employees of technical training schools.

Section
9-1-1190

Board may change accounting methods and procedures of system.

Section
9-1-1210

Employer contributions shall reflect cost of Preretirement Death Benefit Program.

Section
9-1-1310

Trustee of retirement system; investment of funds.

Section
9-1-1320

Custodian of assets of the Retirement System.

Section
9-1-1330

Cash kept available with State Treasurer.

Section
9-1-1340

Conflicts of interest and use of funds by commission members or employees.

Section
9-1-1350

Transfers from general fund authorized.

Section
9-1-1510

Retirement of members at age 60 or after 28 years' service.

Section
9-1-1515

Early retirement.

Section
9-1-1540

Disability retirement.

Section
9-1-1545

Election between service retirement and disability retirement; receipt of service retirement pending approval of disability retirement.

Section
9-1-1550

Service retirement allowances.

Section
9-1-1560

Allowances upon retirement for disability.

Section
9-1-1570

Reexamination of beneficiaries retired on account of disability; consequences of refusal to submit to reexamination.

Section
9-1-1580

Effect of ability to engage in gainful occupation; change in amount of disability retirement allowance.

Section
9-1-1590

Effect of restoring beneficiaries to active service.

Section
9-1-1610

Members of General Assembly may draw retirement benefits under certain conditions.

Section
9-1-1615

Retirement allowances payable in monthly installments; payments after death of retired member.

Section
9-1-1620

Optional forms of allowances.

Section
9-1-1625

Compliance with Internal Revenue Code.

Section
9-1-1630

Special benefits to teachers for service prior to July 1, 1945.

Section
9-1-1640

Manner of paying annuities.

Section
9-1-1650

Amounts paid upon termination of employment; election to leave contributions in system; effect of death before or after retirement.

Section
9-1-1660

Nominee on member's death may receive monthly allowance instead of accumulated contributions.

Section
9-1-1665

Compliance with Internal Revenue Code Section 401(a)(9).

Section
9-1-1670

Change or error in records.

Section
9-1-1680

Exemption from taxation and legal process; exceptions; assignment.

Section
9-1-1690

Credit of State is not pledged for payments; rights in case of termination of system or discontinuance of contributions.

Section
9-1-1740

Increase in benefits for persons who were receiving benefits prior to July 1, 1966.

Section
9-1-1750

Increase in benefits for persons who were receiving benefits prior to July 1, 1967 and subsequent to June 30, 1966.

Section
9-1-1760

Increase in benefits for persons who retired prior to July 1, 1972.

Section
9-1-1765

Additional increase in benefits for persons who retired prior to July 1, 1972.

Section
9-1-1766

Further additional increase in benefits for persons who retired prior to July 1, 1972.

Section
9-1-1767

Increase of benefits payable due to retirement before July 1, 1988 and July 1, 1989.

Section
9-1-1770

Preretirement Death Benefit Program; post-retirement benefit payment.

Section
9-1-1775

Death Benefit Plan.

Section
9-1-1780

Recomputation allowances of certain persons having thirty-five or more years of creditable service.

Section
9-1-1790

Amount which may be earned upon return to covered employment.

Section
9-1-1795

Employment of certain retired teachers without loss of retirement benefits; procedure by which retired teachers may be employed.

Section
9-1-1800

Recalculation of benefits for certain persons who retired prior to July 1, 1964.

Section
9-1-1812

Revision of sections upon certain conditions.

Section
9-1-1814

Revision of sections upon certain conditions.

Section
9-1-1815

Retirement allowance adjustments.

Section
9-1-1830

Payment and transfer of funds to the employer annuity accumulation fund.

Section
9-1-1850

Purchases of additional service credit by members with at least twenty-five years of creditable service.

Section
9-1-1870

Beneficiaries receiving Medicaid (Title XIX) sponsored nursing home care; effect on benefits; exception.

Section
9-1-1910

Minimum allowance for persons retiring with twenty or more years of service, generally.

Section
9-1-1920

Minimum allowance for certain persons who retired prior to July 1, 1945.

Section
9-1-1930

Minimum allowance for certain persons whose membership became effective on or after January 1, 1953.

Section
9-1-1940

Minimum allowance for certain persons whose membership became effective on or after January 1, 1951.

Section
9-1-1950

Minimum allowance for certain members of General Assembly.

Section
9-1-1960

Additional payments to certain members of the General Assembly effective July 1, 1972.

Section
9-1-1970

Compensation used for determining benefits to be subject to federal limitations.

Section
9-1-1975

Compliance with USERRA.

Section
9-1-1980

Compliance with Internal Revenue Code Section 415.

Section
9-1-2210

Repealed.