2020 South Carolina Code of Laws
Title 9 - Retirement Systems
Chapter 16 - Retirement System Funds
Editor's Note
2008 Act No. 311, Section 55, provides as follows:
"Upon the effective date of this act, Regulations 19-900 through 19-997 of the South Carolina Code of Regulations shall have no application whatsoever to the operation of Title 9 of the 1976 Code."
- 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 meetings.
- Section 9-16-90. Quarterly and annual investment reports; contents.
- Section 9-16-100. Restrictions on lobbyists.
Editor's Note
2008 Act No. 311, Section 55, provides as follows:
"Upon the effective date of this act, Regulations 19-900 through 19-997 of the South Carolina Code of Regulations shall have no application whatsoever to the operation of Title 9 of the 1976 Code."
- Section 9-16-315. Retirement System Investment Commission; membership; terms; qualifications; chief executive officer; chief investment officer and administrative staff; attorneys; 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; delegation of final authority to invest; components of plan; diversification; verification of investment facts; analysis and recommendations.
- Section 9-16-335. Assumed annual 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.
Editor's Note
2008 Act No. 311, Section 55, provides as follows:
"Upon the effective date of this act, Regulations 19-900 through 19-997 of the South Carolina Code of Regulations shall have no application whatsoever to the operation of Title 9 of the 1976 Code."
