South Carolina § 9-8-200 Credit of State not pledged; rights upon termination of system.

South Carolina Statutes

§ 9-8-200 — Credit of State not pledged; rights upon termination of system.

South Carolina·Title 9 RETIREMENT SYSTEMS·Ch. 8 RETIREMENT SYSTEM FOR JUDGES AND SOLICITORS

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 is not, and shall not be, pledged or obligated beyond the amounts which may be hereafter annually appropriated in the annual state general appropriation act, and other periodic appropriations for the purposes of this chapter. In case of termination of the System, the rights of all members of the System to benefits accrued to the date of such termination, to the extent then funded, shall be nonforfeitable.

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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 is not, and shall not be, pledged or obligated beyond the amounts which may be hereafter annually appropriated in the annual state general appropriation act, and other periodic appropriations for the purposes of this chapter. In case of termination of the System, the rights of all members of the System to benefits accrued to the date of such termination, to the extent then funded, shall be nonforfeitable.

South Carolina § 9-8-200 (Credit of State not pledged; rights upon termination of system.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.