South Carolina § 9-1-1780 Recomputation allowances of certain persons having thirty-five or more years of creditable service.

South Carolina Statutes

§ 9-1-1780 — Recomputation allowances of certain persons having thirty-five or more years of creditable service.

South Carolina § 9-1-1780

Title 9RETIREMENT SYSTEMS

Ch. 1SOUTH CAROLINA RETIREMENT SYSTEM

This text of South Carolina § 9-1-1780 (Recomputation allowances of certain persons having thirty-five or more years of creditable service.) 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. § 9-1-1780 (2026).

Text

Effective July 1, 1969, any monthly retirement allowance which commenced prior to such date to or on account of a Class Two member who, at retirement or earlier death, had completed thirty-five or more years of creditable service but had not reached his sixty-fifth birthday shall be recomputed to reflect the deletion as of July 1, 1969 of the five-twelfths of one percent reduction previously applicable. Commencing July 1, 1969 the recomputed allowance, modified to reflect the election, if any, of an optional benefit under Section 9-1-1620, shall be payable.

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Effective July 1, 1969, any monthly retirement allowance which commenced prior to such date to or on account of a Class Two member who, at retirement or earlier death, had completed thirty-five or more years of creditable service but had not reached his sixty-fifth birthday shall be recomputed to reflect the deletion as of July 1, 1969 of the five-twelfths of one percent reduction previously applicable. Commencing July 1, 1969 the recomputed allowance, modified to reflect the election, if any, of an optional benefit under Section 9-1-1620, shall be payable.