South Carolina § 41-33-45 - Annual reports; trend charts; cost analysis.
Full text of South Carolina South Carolina Code of Laws § 41-33-45 — Annual reports; trend charts; cost analysis., with citation guidance and answers to common questions.
§ 41-33-45. Annual reports; trend charts; cost analysis.
(A) The department shall report, by October first of each year, to the General Assembly, the Review Committee, and to the Governor the amount in the unemployment trust fund and make an assessment of its funding level.
(B)(1) The annual assessment report must contain a trend chart concerning the unemployment trust fund's annual balance each year for at least the previous five years. The chart must compare the ending balance for each year with the minimum reserves needed to withstand an average recession and a severe recession.
(2) The annual assessment report also must contain an analysis of the cost paid to beneficiaries and cost-shifting, if any, from companies without a negative balance in their account fund to companies with a negative balance in their fund account. The analysis must be conducted with accepted actuarial principles on the basis of statistics of employment, business activity, and other relevant factors for the longest possible period. The analysis also must include recommendations for adjusting the tax structure to address inequities that arise due to cost-shifting.
HISTORY: 1999 Act No. 73, SECTION 3, eff June 11, 1999; 2010 Act No. 146, SECTION 8, eff March 30, 2010.
Effect of Amendment
The 2010 amendment rewrote this section to require the Department of Workforce to file annual reports including trend charts and cost analyses.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 41-33-45
What does South Carolina Code of Laws § 41-33-45 cover?
Section 41-33-45 ("Annual reports; trend charts; cost analysis.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 41-33-45?
A common citation format is "South Carolina Code of Laws § 41-33-45" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 41-33-45 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.