There is a newer version
of
this Section
2017 South Carolina Code of Laws
Title 9 - Retirement Systems
CHAPTER 1 - SOUTH CAROLINA RETIREMENT SYSTEM
Section 9-1-280. Board shall determine interest rate; base rate established.
Universal Citation: SC Code § 9-1-280 (2017)
The Board shall determine from time to time the rate of regular interest for use in all calculations, with the rate of four per cent per annum applicable unless heretofore or hereafter changed by the Board.
HISTORY: 1962 Code Section 61-18; 1952 Code Section 61-18; 1945 (44) 212; 1949 (46) 424.
Editor's Note
The rate of interest noted in this section was increased from 4% to 6% by resolution of the Budget and Control Board on March 23, 1982.
Disclaimer: These codes may not be the most recent version. South Carolina may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
