2012 South Carolina Code of Laws
Title 9 - Retirement Systems
Chapter 1 - SOUTH CAROLINA RETIREMENT SYSTEM

ARTICLE 1 GENERAL PROVISIONS

• Section 9-1-10 - Definitions.
• Section 9-1-20 - South Carolina Retirement System created; System shall have powers and privileges of corporation; purposes of System.
• Section 9-1-30 - Property of System exempt from taxation.
• Section 9-1-40 - Penalties for making false statement or record.
• Section 9-1-50 - Reservation of right to revise System to conform to changes in Federal Social Security Act.
• Section 9-1-60 - Implementation of "cafeteria" plan.
• Section 9-1-70 - Repealed by 1990 Act No. 458, Section 2, eff May 3, 1990.
• Section 9-1-80 - Repealed by 2000 Act No. 387, Part II, Section 67R, eff January 1, 2001.
• Section 9-1-100 - Payments to beneficiaries may include payments to persons, trustees, and estates.

ARTICLE 3 ADMINISTRATION

• Section 9-1-210 - Board shall administer system.
• Section 9-1-220 - Repealed by 2005 Act No. 153, Pt. III Section 5, eff July 1, 2005.
• Section 9-1-230 - Authority to engage actuarial and other services.
• Section 9-1-240 - Appointment and duties of actuary.
• 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.

ARTICLE 5 MEMBERSHIP IN SYSTEM

• 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• Section 9-1-440 - Repealed by 2000 Act No. 387, Part II, Section 67R, eff January 1, 2001.
• 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 9-1-500 - Repealed by 2000 Act No. 387, Part II, Section 67R, eff January 1, 2001.
• 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.

ARTICLE 7 CREDITABLE SERVICE

• 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 9-1-850, 9-1-860 - Repealed by 2000 Act No. 387, Part II, Section 67R, eff January 1, 2001.

ARTICLE 9 THREE FUNDS AND COLLECTIONS FOR FUNDS

• 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 thereby reduced below legal minimum; consent to deductions.
• Section 9-1-1040 - Repealed by 2000 Act No. 387, Part II, Section 67R, eff January 1, 2001.
• Section 9-1-1050 - Employer annuity accumulation fund; contributions shall be 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 9-1-1150 - Repealed by 2000 Act No. 387, Part II, Section 67R, eff January 1, 2001.
• 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 9-1-1200 - Repealed by 2005 Act No. 153, Pt II, Section 5.C, eff July 1, 2006.
• Section 9-1-1210 - Employer contributions shall reflect cost of Preretirement Death Benefit Program.
• Section 9-1-1220 - Repealed by 2005 Act No. 153, Pt II, Section 5.C, eff July 1, 2006.

ARTICLE 11 MANAGEMENT OF FUNDS

• Section 9-1-1310 - Trustee of retirement system; investment of funds.
• Section 9-1-1320 - Custody and disbursement of funds.
• Section 9-1-1330 - Cash shall be kept available.
• 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.

ARTICLE 13 RETIREMENT AND RETIREMENT BENEFITS

• Section 9-1-1510 - Retirement of members at age 60 or after 28 years' service.
• Section 9-1-1515 - Early retirement.
• Section 9-1-1530, 9-1-1535 - Repealed by 2000 Act No. 387, Part II, Section 67R, eff January 1, 2001.
• Section 9-1-1537 - Repealed by 1994 Act No. 308, Section 1, eff March 16, 1994.
• 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 9-1-1600 - Repealed by 1999 Act No. 100, Part II, Section 27C, eff July 1, 1999.
• 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 401(a)(31).
• 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 shall be 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 9-1-1700 to 9-1-1730 - Repealed by 2000 Act No. 387, Part II, Section 67R, eff January 1, 2001.
• 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.
• 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 9-1-1810 - Repealed by 2012 Act No. 278, Pt I, Section 16, eff July 1, 2012.
• 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 9-1-1820 - Repealed by 1986 Act No. 309, Section 10, eff February 4, 1986.
• Section 9-1-1830 - Payment and transfer of funds to the employer annuity accumulation fund.
• Section 9-1-1840 - Repealed by 1993 Act No. 166, Section 6, eff June 16, 1993.
• Section 9-1-1850 - Purchases of additional service credit by members with at least twenty-five years of creditable service.
• Section 9-1-1860 - Repealed by 2000 Act No. 387, Part II, Section 67R, eff January 1, 2001.
• Section 9-1-1870 - Beneficiaries receiving Medicaid (Title XIX) sponsored nursing home care; effect on benefits; exception.

ARTICLE 15 SUPPLEMENTAL ALLOWANCES FOR CERTAIN MEMBERS

• 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.

ARTICLE 17 TEACHER AND EMPLOYEE RETENTION INCENTIVE PROGRAM

• Section 9-1-2210 - Teacher and Employee Retention Incentive Program; operation.