South Carolina Statutes
§ 9-1-1090 — Discontinuance of accrued liability contribution.
South Carolina § 9-1-1090
This text of South Carolina § 9-1-1090 (Discontinuance of accrued liability contribution.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.C. Code Ann. § 9-1-1090 (2026).
Text
The accrued liability contribution shall be discontinued as soon as the accumulated reserve in the employer annuity accumulation fund shall equal the present value, as actuarially computed and approved by the Board, of the total liability of such fund less the present value, computed on the basis of the normal contribution rate then in force, of the prospective normal contributions to be received on account of all persons who are at the time members.
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Legislative History
HISTORY: 1962 Code SECTION 61-70; 1952 Code SECTION 61-70; 1945 (44) 212; 1949 (46) 424.
Nearby Sections
15
§ 9-1-10
Definitions.§ 9-1-1010
Assets to be credited to employee annuity savings fund and employer annuity accumulation fund.§ 9-1-1030
Deductions must be made although compensation is reduced below legal minimum; consent to deductions.§ 9-1-1060
Normal contribution rate.§ 9-1-1070
Accrued liability contribution rate.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 9-1-1090, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/1/9-1-1090.