S.C. Code Ann. § 9-1-1220
In order to provide the necessary funds to carry out the provisions of Sections 9-1-1510 and 9-1-1550, the Budget and Control Board shall increase the employer contribution rate for the South Carolina Retirement System by three-tenths of one percent.
Effective July 1, 1989, the State Budget and Control Board shall increase the employer contribution rate for the South Carolina Retirement System by fifty-five hundredths of one percent.