South Carolina § 9-20-20 - State Optional Retirement Program.
Full text of South Carolina South Carolina Code of Laws § 9-20-20 — State Optional Retirement Program., with citation guidance and answers to common questions.
§ 9-20-20. State Optional Retirement Program.
The South Carolina Retirement System shall establish the State Optional Retirement Program (State ORP), a defined contribution plan, for eligible employees defined in Section 9-20-10(2). An employee is not eligible to participate in the State ORP unless the employee is eligible for membership in the South Carolina Retirement System. The following retirement and death benefit payment options may be provided for a participant in the State ORP: annuities, lump-sum distributions, partial distributions, or periodic withdrawals, whether through individual annuity contracts or mutual funds or individual certificates issued for group annuity contracts, fixed, or variable in nature, or a combination of them. Eligibility is determined solely by the South Carolina Retirement System.
HISTORY: 2000 Act No. 268, SECTION 1, eff July 1, 2000; 2001 Act No. 54, SECTION 2, eff July 1, 2001.
Frequently Asked Questions About South Carolina § 9-20-20
What does South Carolina Code of Laws § 9-20-20 cover?
Section 9-20-20 ("State Optional Retirement Program.") 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 § 9-20-20?
A common citation format is "South Carolina Code of Laws § 9-20-20" (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 § 9-20-20 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.