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2020 South Carolina Code of Laws
Title 8 - Public Officers and Employees
Chapter 23 - Deferred Compensation Program
Section 8-23-10. Declaration of purpose.
Universal Citation: SC Code § 8-23-10 (2020)
The purpose of this chapter is to enable employees of the State, its agencies and political subdivisions to participate in voluntary deferred compensation plans authorized by the United States Internal Revenue Code as interpreted and administered by the Internal Revenue Service, thereby permitting such employees to obtain the advantages inherent in such plans relative to the income tax treatment of the contributions and disbursements made pursuant to tax sheltered voluntary income deferment plans.
HISTORY: 1977 Act No. 97 Section 1.
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