South Carolina § 9-1-1080 - Minimum contributions to employer annuity accumulation fund.
Full text of South Carolina South Carolina Code of Laws § 9-1-1080 — Minimum contributions to employer annuity accumulation fund., with citation guidance and answers to common questions.
§ 9-1-1080. Minimum contributions to employer annuity accumulation fund.
The total amount payable in each year by each employer for credit to the employer annuity accumulation fund shall not be less than the sum of the rate percent known as the normal contribution rate and the accrued liability contribution rate of the total earnable compensation of all members during the preceding year. The aggregate payment by employers shall be sufficient, when combined with the amount in the fund, to provide the employer annuities and other benefits payable out of the fund during the year then current.
HISTORY: 1962 Code SECTION 61-69; 1952 Code SECTION 61-69; 1945 (44) 212; 1949 (46) 424; 1955 (49) 38; 2012 Act No. 278, Pt I, SECTION 6, eff July 1, 2012.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 9-1-1080
What does South Carolina Code of Laws § 9-1-1080 cover?
Section 9-1-1080 ("Minimum contributions to employer annuity accumulation fund.") 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 § 9-1-1080?
A common citation format is "South Carolina Code of Laws § 9-1-1080" (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 § 9-1-1080 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.