South Carolina Statutes
§ 9-11-280 — Contracts with members are obligations of system only; rights of members upon termination of system or discontinuation of contributions.
All agreements or contracts with the members of the System pursuant to any of the provisions of this chapter shall be deemed solely obligations of the System and the full faith and credit of the State and of its departments, institutions and political subdivisions and of any other employer is not, and shall not be, pledged or obligated beyond the amounts which may be hereafter annually appropriated by such employers in the annual appropriations act, county supply acts and other periodic appropriations for the purpose of this chapter. In case of termination of the System, or in the event of discontinuance of contributions hereunder, the rights of all members of the System to benefits accrued to the date of such termination or discontinuance of contributions, to the extent then funded, are n
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 9-11-280 (Contracts with members are obligations of system only; rights of members upon termination of system or discontinuation of contributions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 61-345.6; 1962 (52) 1933; 1970 (56) 1938; 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.