South Carolina Code 9-11-27. Magistrates’ participation in the South Carolina Police Officers Retirement System
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(A) On and after January 1, 2001, any person who is a magistrate appointed pursuant to § 22-1-10 shall participate in the South Carolina Police Officers Retirement System for his service as a magistrate.
(B) From July 1, 2000, to January 1, 2001, a magistrate who elects to transfer credited service received under the South Carolina Retirement System to the South Carolina Police Officers Retirement System may do so upon payment of the accumulated employer and employee contributions and interest in the South Carolina Retirement System plus five percent of his annual salary in effect as of June 30, 2000, for each year of service prorated for periods of less than a year. After January 1, 2001, a magistrate may elect to transfer credited service received under the South Carolina Retirement System to the South Carolina Police Officers Retirement System as provided in § 9-11-40(9).
Terms Used In South Carolina Code 9-11-27
- Credited service: means a member's earned service and purchased service. See South Carolina Code 9-11-10
- Employer: means :
(a) the State;
(b) a political subdivision, agency, or department of the State which employs police officers and which has been admitted to the system as provided in § 9-11-40; and
(c) a service organization, the membership of which is composed solely of persons eligible to be members as defined by this section, if the compensation received by the employees of the service organization is provided from monies paid by the members as dues, or otherwise, or from funds derived from public sources and if the contributions prescribed by this chapter are to be paid from the funds of the service organization. See South Carolina Code 9-11-10 - System: means the South Carolina Police Officers Retirement System. See South Carolina Code 9-11-10