S.C. Code Ann. § 9-1-1100 – Employer annuities and benefits to be paid from employer annuity accumulation fund

All employer annuities, and benefits in lieu thereof, must be paid from the employer annuity accumulation fund.

HISTORY: 1962 Code Section 61-71; 1952 Code Section 61-71; 1945 (44) 212; 1949 (46) 424; 1960 (51) 1524; 1980 Act No. 407, Section 3; 1986 Act No. 309 Section 3, eff February 4, 1986.

Editor's Note

1986 Act No. 309, Section 9, provides as follows:

Any assets of the post-retirement increase special fund remaining as of June 30, 1986, are to be transferred to the employer annuity accumulation fund."

Effect of Amendment

The 1986 amendment deleted ", with the exception of those provided after June 30, 1981, in accordance with Sections 9-1-1810 and 9-1-1820," and substituted "must" for "shall".