South Carolina § 9-1-1090 - Discontinuance of accrued liability contribution.
Full text of South Carolina South Carolina Code of Laws § 9-1-1090 — Discontinuance of accrued liability contribution., with citation guidance and answers to common questions.
§ 9-1-1090. Discontinuance of accrued liability contribution.
The accrued liability contribution shall be discontinued as soon as the accumulated reserve in the employer annuity accumulation fund shall equal the present value, as actuarially computed and approved by the Board, of the total liability of such fund less the present value, computed on the basis of the normal contribution rate then in force, of the prospective normal contributions to be received on account of all persons who are at the time members.
HISTORY: 1962 Code SECTION 61-70; 1952 Code SECTION 61-70; 1945 (44) 212; 1949 (46) 424.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 9-1-1090
What does South Carolina Code of Laws § 9-1-1090 cover?
Section 9-1-1090 ("Discontinuance of accrued liability contribution.") 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 § 9-1-1090?
A common citation format is "South Carolina Code of Laws § 9-1-1090" (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 § 9-1-1090 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.