All members of the State Retirement System who retired prior to July 1, 1972, shall have their service retirement allowance increased eleven percent. The computation of such increase shall commence on and include July 1, 1974, and the increase shall be paid from the General Fund of the State.
S.C. Code Ann. § 9-1-1760
Increase in benefits for persons who retired prior to July 1, 1972
1962 Code SECTION 61-123.1; 1974 (58) 2608.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.