South Carolina Code 9-1-1930. Minimum allowance for certain persons whose membership became effective on or after January 1, 1953
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Terms Used In South Carolina Code 9-1-1930
- Creditable service: means a member's earned service, prior service, and purchased service. See South Carolina Code 9-1-10
- Member: means a teacher or employee included in the membership of the system as provided in Article 5 of this chapter. See South Carolina Code 9-1-10
- 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
Notwithstanding any other provision of law, any person whose membership in the South Carolina Retirement System became effective on or after January 1, 1953, and who had twenty or more years creditable service performed prior to July 1, 1945, shall receive the benefits and come under the provisions of § 9-1-1910. The provisions of this section shall become effective as of May 18, 1959, or as of the effective date of the member‘s retirement or withdrawal from the South Carolina Retirement System, whichever is the later date.