South Carolina § 8-23-10 Declaration of purpose.

South Carolina Statutes

§ 8-23-10 — Declaration of purpose.

South Carolina·Title 8 PUBLIC OFFICERS AND EMPLOYEES·Ch. 23 DEFERRED COMPENSATION PROGRAM

The purpose of this chapter is to enable employees of the State, its agencies and political subdivisions to participate in voluntary deferred compensation plans authorized by the United States Internal Revenue Code as interpreted and administered by the Internal Revenue Service, thereby permitting such employees to obtain the advantages inherent in such plans relative to the income tax treatment of the contributions and disbursements made pursuant to tax sheltered voluntary income deferment plans.

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The purpose of this chapter is to enable employees of the State, its agencies and political subdivisions to participate in voluntary deferred compensation plans authorized by the United States Internal Revenue Code as interpreted and administered by the Internal Revenue Service, thereby permitting such employees to obtain the advantages inherent in such plans relative to the income tax treatment of the contributions and disbursements made pursuant to tax sheltered voluntary income deferment plans.

South Carolina § 8-23-10 (Declaration of purpose.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.