S.C. Code Ann. § 25-1-3235 – National Guard Pension Fund; person becoming member of Guard after June 30, 1993 ineligible for pension

(A) Notwithstanding any other provision of this article, a person who becomes a member of the National Guard after June 30, 1993, is ineligible to receive the pension authorized by this article.
(B) Persons with a break in service remain eligible for pension benefits under this article if the person was a member of the National Guard prior to June 30, 1993.
(C) There is established the National Guard Pension Fund which must be managed by the State Budget and Control Board as other state retirement system funds are managed. The State Treasurer shall invest the fund as the funds of other state retirement systems are invested. This fund, together with monies that may be appropriated for the purpose, must be used to pay the pensions authorized by this article. The General Assembly annually shall appropriate sums sufficient over time to establish and maintain the fund on an actuarial basis as determined by the State Budget and Control Board.