South Carolina Code 9-8-20. System created; powers and privileges; corporate name
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Terms Used In South Carolina Code 9-8-20
- Board: means the Board of Directors of the South Carolina Public Employee Benefit Authority. See South Carolina Code 9-8-10
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- State: means the State of South Carolina. See South Carolina Code 9-8-10
- System: means the Retirement System for Judges and Solicitors of the State of South Carolina. See South Carolina Code 9-8-10
A retirement system is created and placed under the administration of the board to provide retirement allowances and other benefits for judges, solicitors, and circuit public defenders. It has the power and privileges of a corporation and must be known as the Retirement System for Judges and Solicitors of the State of South Carolina, and by this name all of its business must be transacted, all of its funds invested, and all of its cash, securities, and other property held.