2017 South Carolina Code of Laws
Title 9 - Retirement Systems
CHAPTER 16 - RETIREMENT SYSTEM FUNDS
Section 9-16-380. Audit of Retirement System Investment Commission.
Every four years the State Auditor shall employ a private audit firm to perform a fiduciary audit on the Retirement System Investment Commission. The audit firm must be selected by the State Auditor. A report from the private audit firm must be completed by January 15, 2019, and every four years after that time. Upon completion, the report must be submitted to the Governor, the President Pro Tempore of the Senate, the Speaker of the House of Representatives, the Chairman of the Senate Finance Committee, and the Chairman of the House Ways and Means Committee.
HISTORY: 2012 Act No. 278, Pt IV, Subpt 3, Section 64.B, eff July 1, 2012; 2017 Act No. 13 (H.3726), Pt. III, Section 12, eff July 1, 2017.
Effect of Amendment
2017 Act No. 13, Pt. III, Section 12, rewrote the section, providing that the Retirement System Investment Commission be audited every four years.
