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

South Carolina Statutes

§ 8-23-10 — Declaration of purpose.

South Carolina § 8-23-10

Title 8PUBLIC OFFICERS AND EMPLOYEES

Ch. 23DEFERRED COMPENSATION PROGRAM

This text of South Carolina § 8-23-10 (Declaration of purpose.) 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. § 8-23-10 (2026).

Text

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.