Terms Used In South Carolina Code > Title 9 > Chapter 8 - Retirement System for Judges and Solicitors

• Academic personnel: shall mean presidents, provosts, vice-presidents, deans, teaching and research staffs, and others of academic rank employed by the State educational institutions of higher learning, or medical institutions of education and research. See South Carolina Code 8-11-220
• Accumulated contributions: means the member's aggregate contributions, together with regular interest thereon. See South Carolina Code 9-8-10
• Agency: shall mean any department, institution, commission, board or any other unit of government of the State. See South Carolina Code 8-11-220
• Agency head: shall mean the chief executive of a State agency in whom is vested final appointing authority for the agency. See South Carolina Code 8-11-220
• Aggregate contributions: means the sum of all the amounts deducted from the compensation of a member of the System, or directly remitted by him to the System, and credited to his individual account in the System. See South Carolina Code 9-8-10
• Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
• Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
• Appointing authority: shall mean any person having power by law, or by lawfully delegated authority, to make an appointment of a person for employment to any position in the State service. See South Carolina Code 8-11-220
• 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.
• Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
• Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
• Beneficiary: means any person in receipt of a retirement allowance or other benefit as provided by the System. See South Carolina Code 9-8-10
• Board: means the Board of Directors of the South Carolina Public Employee Benefit Authority. See South Carolina Code 9-8-10
• Charity: An agency, institution, or organization in existence and operating for the benefit of an indefinite number of persons and conducted for educational, religious, scientific, medical, or other beneficent purposes.
• Circuit public defender: means a person holding the office defined in § 17-3-5(4). See South Carolina Code 9-8-10
• Classified service: shall mean all of those positions in the State service which are subject to the classification policies and regulations as authorized by the provisions of this article. See South Carolina Code 8-11-220
• Compensation: means the total salary paid to a judge, solicitor, or circuit public defender for service rendered to the State. See South Carolina Code 9-8-10
• Contingent beneficiary: Receiver of property or benefits if the first named beneficiary fails to receive any or all of the property or benefits in question before his (her) death.
• Conviction: A judgement of guilt against a criminal defendant.
• 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.
• Credited service: means service for which credit is allowable as provided in § 9-8-50. See South Carolina Code 9-8-10
• Date of establishment: means July 1, 1979. See South Carolina Code 9-8-10
• Division: means the Human Resource Management Division of the Department of Administration. See South Carolina Code 8-11-700
• Donor: The person who makes a gift.
• Earned service: means paid employment as a judge, solicitor, or circuit public defender where the judge, solicitor, or circuit public defender makes regular contributions to the system. See South Carolina Code 9-8-10
• Employing agency: means the agency in which the leave recipient is employed. See South Carolina Code 8-11-700
• 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.
• Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. ^{Source: U.S. Courts}
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
• Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
• Judge: means a justice of the Supreme Court or a judge of the court of appeals, circuit or family court of the State of South Carolina. See South Carolina Code 9-8-10
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Leave recipient: means an employee of an employing agency who has a personal emergency and is selected to receive annual or sick leave from the pool leave account of his employing agency. See South Carolina Code 8-11-700
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Member of the System: means any person included in the membership of the System, as set forth in § 9-8-40. See South Carolina Code 9-8-10
• Personal emergency: means a catastrophic and debilitating medical situations, severely complicated disabilities, severe accident cases, family medical emergencies or other hardship situations that are likely to require an employee's absence from duty for a prolonged period of time and to result in a substantial loss of income to the employee because of the unavailability of paid leave. See South Carolina Code 8-11-700
• Position: shall mean any employment requiring the paid services of one person, or any office or employment in any agency requiring specific duties to be performed by one person. See South Carolina Code 8-11-220
• Public defender: Represent defendants who can't afford an attorney in criminal matters.
• Regular interest: means interest compounded annually at such rates as shall be determined by the Board for a particular purpose in accordance with § 9-8-30. See South Carolina Code 9-8-10
• Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
• Retirement allowance: means monthly payments for life under the System payable as provided in § 9-8-80. See South Carolina Code 9-8-10
• Revocable trust: A trust agreement that can be canceled, rescinded, revoked, or repealed by the grantor (person who establishes the trust).
• Solicitor: means the person holding office as described under § 1-7-310 of the 1976 Code. See South Carolina Code 9-8-10
• State: means the State of South Carolina. See South Carolina Code 9-8-10
• Statute: A law passed by a legislature.
• System: means the Retirement System for Judges and Solicitors of the State of South Carolina. See South Carolina Code 9-8-10