South Carolina Statutes
§ 9-11-300 — Increase in retirement allowances as of July 1, 1974.
For all retirement allowances due on or after July 1, 1974, the retirement allowance payments to any member retired prior to said date or his beneficiary designated under an optional benefit or to any other beneficiary in receipt of an allowance prior to said date, exclusive of payments under the Supplemental Allowance Program, shall be recomputed as though the provisions of Section 9-11-60(2), (a) of this chapter had been in effect at the time of his most recent retirement. Any such benefits payable under the Supplemental Allowance Program shall be increased by ten percent effective July 1, 1974. This section shall not, however, be applicable to the part of any retirement allowance derived from a member's accumulated additional contributions. Benefits payable due to retirement prior to Ju
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South Carolina § 9-11-300 (Increase in retirement allowances as of July 1, 1974.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 61-346; 1969 (56) 25; 1971 (57) 66; 1973 (58) 106; 1974 (58) 2032; 1988 Act No. 424, SECTION 6, eff July 1, 1988; 1989 Act No. 189, Part II, SECTION 60G, eff July 1, 1989 (became law without the Governor's signature).
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.