South Carolina Code 9-1-1814. Revision of sections upon certain conditions
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Terms Used In South Carolina Code 9-1-1814
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Retirement: means the withdrawal from active service with a retirement allowance granted under the system. See South Carolina Code 9-1-10
- system: means the South Carolina Retirement System established under § 9-1-20. See South Carolina Code 9-1-10
If for any reason, an assumed annual rate of return on the investments of the assets of the South Carolina Retirement System and the South Carolina Police Officers Retirement System of less than eight percent is approved or otherwise takes effect, then effective at that time the provisions of § 9-1-1812 apply and § 9-1-1810 of the 1976 Code is amended to the version of that section in effect before the enactment of Act 311 of 2008.