South Carolina Statutes
§ 9-1-1130 — Earnings to be credited to employer annuity accumulation fund.
South Carolina § 9-1-1130
This text of South Carolina § 9-1-1130 (Earnings to be credited to employer annuity accumulation fund.) 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. § 9-1-1130 (2026).
Text
All interest and dividends earned on the invested assets of the System must be credited to the employer annuity accumulation fund. The Board shall credit regular interest to the individual accounts of members in the employee annuity savings fund and shall transfer the amounts of the credits from the employer annuity accumulation fund. Any interest credited to the individual account of a member in the employee annuity savings fund and not payable to him under the provisions of Section 9-1-1650 upon his ceasing to be a teacher or employee except by death or retirement must be transferred from the fund to the employer annuity accumulation fund.
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Legislative History
HISTORY: 1962 Code SECTION 61-75; 1952 Code SECTION 61-75; 1945 (44) 212; 1949 (46) 424; 1960 (51) 1524; 1980 Act No. 407, SECTION 5; 1986 Act No. 309 SECTION 5, eff February 4, 1986.
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 § 9-1-1130, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/1/9-1-1130.