§ 9-10-10 Definitions
§ 9-10-20 Retirement system established; administration; director; actuarial investigations; public records
§ 9-10-30 Eligibility
§ 9-10-35 Eligibility for pension
§ 9-10-40 Restrictions; payments to beneficiaries; members of regular armed forces
§ 9-10-50 Entitlement to other retirement; income tax exemption
§ 9-10-60 Eligibility; appropriation and use of funds
§ 9-10-70 Exemption of fund property from taxes
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Terms Used In South Carolina Code > Title 9 > Chapter 10 - National Guard Retirement System

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Board: means the Board of Directors of the South Carolina Public Employee Benefit Authority, acting pursuant to the provisions of this chapter through its Division of Retirement Systems. See South Carolina Code 9-10-10
  • 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.
  • Decedent: A deceased person.
  • Director: means the Director of the National Guard Retirement System. See South Carolina Code 9-10-10
  • Donor: The person who makes a gift.
  • Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
  • Fraud: Intentional deception resulting in injury to another.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Lawsuit: A legal action started by a plaintiff against a defendant based on a complaint that the defendant failed to perform a legal duty, resulting in harm to the plaintiff.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • system: means the National Guard Retirement System established pursuant to this chapter. See South Carolina Code 9-10-10
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.