A retirement system is hereby established and placed under the management of the board for the purpose of providing retirement allowances and other benefits for teachers and employees of the State and political subdivisions or agencies or departments thereof. The system so created shall have the power and privileges of a corporation and shall be known as the "South Carolina Retirement System", and by such name all of its business shall be transacted, all of its funds invested, and all of its cash, securities, and other property held.
S.C. Code Ann. § 9-1-20
South Carolina Retirement System created; system shall have powers and privileges of corporation; purposes of system
Applied in 5 court decisions — leading case Hutto v. South Carolina Retirement System (2014)
Most recently applied in Hutto v. South Carolina Retirement System (December 2014)
1962 Code SECTION 61-2; 1952 Code SECTION 61-2; 1945 (44) 212; 1949 (46) 424; 2012 Act No. 278, Pt IV, Subpt 2, SECTION 40, eff July 1, 2012.
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.