South Carolina Statutes
§ 9-11-20 — System created; corporate powers; name; director.
(1)A retirement system is hereby created and placed under the administration of the Board to provide retirement allowances and other benefits for police officers. The System shall begin operation as of July 1, 1962. It shall have the power and privileges of a corporation and shall be known as the South Carolina Police Officers Retirement System, and by such name all of its business shall be transacted, all of its funds invested, and all of its cash, securities and other property held.
(2)There is hereby created an office to be known as Director of the South Carolina Police Officers Retirement System. The Director of the South Carolina Retirement System shall serve as Director of this System.
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Legislative History
HISTORY: 1962 Code SECTION 61-332; 1962 (52) 1933; 1974 (58) 2032.
Nearby Sections
15
§ 9-11-10
Definitions.§ 9-11-110
Lump sum paid in event of death.§ 9-11-125
Death Benefit Plan.§ 9-11-140
Accidental Death Benefit Program.§ 9-11-150
Optional forms of retirement allowances.§ 9-11-155
Compliance with Internal Revenue Code.§ 9-11-160
Allowances paid monthly.§ 9-11-170
Supplemental Allowance Program.