South Carolina Statutes
§ 59-40-125 — Eligibility for retirement coverage.
(A)All charter schools, other than converted charter schools whose employees remain employees of the local school district or the South Carolina Public Charter School District pursuant to Section 59-40-100(D), are eligible covered employers in the South Carolina Retirement Systems and may elect to participate in the system by filing the appropriate application with the South Carolina Retirement Systems. If the charter school chooses not to become a covered employer, employees of that charter school are not allowed to participate in the South Carolina Retirement Systems except as provided in Section 59-40-130.
(B)The South Carolina Public Charter School District shall be a covered employer in the South Carolina Retirement Systems.
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Legislative History
HISTORY: 2006 Act No. 274, SECTION 1, eff May 3, 2006.
Nearby Sections
15
§ 59-40-10
Short title.§ 59-40-111
Alternative Education Campus.§ 59-40-115
Termination of contract with sponsor.§ 59-40-120
Dissolution of charter school.§ 59-40-125
Eligibility for retirement coverage.§ 59-40-140
Funds; services; reports.§ 59-40-150
Duties of Department of Education.§ 59-40-160
Compilation of evaluations; impact study.