There is a newer version of the South Carolina Code of Laws
2012 South Carolina Code of Laws
Title 9 - Retirement Systems
Chapter 16 - RETIREMENT SYSTEM FUNDS
ARTICLE 1 DUTIES OF THE TRUSTEE, FIDUCIARIES, AGENTS- Section 9-16-10 - Definitions.
- 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.
- Section 9-16-30 - Delegation of functions by commission; standard of care; agent's duty and submission to jurisdiction.
- Section 9-16-40 - Standards for discharge of duty.
- Section 9-16-50 - Investment and management considerations by trustee; diversification; verification of facts; statement of investment objectives and policies.
- Section 9-16-55 - Investments in companies that in their operations are complicit with the government of Sudan in the Darfur genocide.
- Section 9-16-60 - Evaluation of fiduciary's compliance with law not to be hindsight; decision-making evaluated in context of whole portfolio.
- Section 9-16-70 - Liability for breach of duty; insurance by retirement system or fiduciary; disclosure of terms and conditions.
- Section 9-16-80 - Investment meetings of board or commission as executive sessions exempt from disclosure; records of such meetings.
- Section 9-16-90 - Quarterly and annual investment reports; contents.
- Section 9-16-310 - Repealed by 2012 Act No. 278, Pt IV, Subpt 3, Section 63, eff July 1, 2012.
- Section 9-16-315 - Retirement System Investment Commission; membership; terms; qualifications; chief investment officer and administrative staff; costs and salary.
- Section 9-16-320 - Adoption of annual investment plan; quarterly review; deliberations in executive session; independent advisors.
- Section 9-16-330 - Statement of actuarial assumptions and investment objectives; components of plan; diversification; verification of investment facts.
- Section 9-16-335 - Assumed rate of return.
- Section 9-16-340 - Investment of retirement systems assets; annual investment plan; adoption and review.
- Section 9-16-345 - Minority and minority-owned business representation.
- Section 9-16-350 - Use of information for self-interest; blind trusts; violations; punishment; provisions cumulative with other laws.
- Section 9-16-360 - Standards of conduct for fiduciary or employee of fiduciary.
- Section 9-16-370 - Defense and indemnification of Retirement System Investment Commission members, officers and management employees.
- Section 9-16-380 - Audit of Retirement System Investment Commission.
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