reglab/housing_qa huggingface dataset:
SC Code § 9-11-520 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 11 - Police Officers Retirement System|Section 9-11-520. Rights of participants on June 30, 1963 in service of political subdivisions not members of South Carolina Police Officers Retirement System.

 If a police officer is a participant in the Police Insurance and Annuity Fund at the termination of the fund as of June 30, 1963, and if he is then in the service of a political subdivision, agency or department of the State which has not then become an employer under the System, he shall be entitled to a refund of his aggregate contributions previously made by him to the fund. Such refund shall be made as promptly as possible following his application therefor and he shall not be entitled to any other credit or benefit on account of his participation in the fund nor shall he be a member of the System while his refund is being processed. Furthermore, he shall become a member of the South Carolina Retirement System as of July 1, 1963; provided, he is in the service of a political subdivision participating as an employer in such retirement system, but without credit for any service rendered prior to July 1, 1963; provided, further, that if such political subdivision has on or before July 1, 1963 established for its police officers a pension fund in which he is eligible, or required, to participate he shall be subject to the terms and provisions of such pension fund and shall not become a member of the South Carolina Retirement System as of July 1, 1963 unless such pension fund so permits or requires.  HISTORY: 1962 Code Section 61-327; 1963 (53) 70.
SC Code § 9-11-525 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 11 - Police Officers Retirement System|Section 9-11-525. Increase in monthly benefits under Police Insurance and Annuity Fund.

 Beneficiaries receiving benefits under the Police Insurance and Annuity Fund shall receive a fifty dollar a month increase in their monthly benefits effective July 1, 1994.  HISTORY: 1988 Act No. 658, Part II, Section 45, eff June 8, 1988; 1994 Act No. 497, Part II, Section 140, eff June 29, 1994.
SC Code § 9-12-10 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 12 - Qualified Excess Benefits Arrangements|Section 9-12-10. Definitions.

 As used in this chapter, unless a different meaning is plainly required by the context:  (1) "Board" means the Board of Directors of the South Carolina Public Employee Benefit Authority acting as trustee of the retirement systems and acting through its Division of Retirement Systems.  (2) "Internal Revenue Code" means the Internal Revenue Code of 1986, as amended from time to time.  (3) "QEBA" means a Qualified Excess Benefit Arrangements under Section 415(m) of the Internal Revenue Code.  (4) "Retirement system" means the South Carolina Retirement System, Retirement System for Judges and Solicitors, Retirement System for Members of the General Assembly, and Police Officers Retirement System established pursuant to Chapters 1, 8, 9, and 11 of this title.  HISTORY: 2008 Act No. 311, Section 28, eff June 4, 2008; 2012 Act No. 278, Pt IV, Subpt 2, Section 55, eff July 1, 2012.
SC Code § 9-12-20 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 12 - Qualified Excess Benefits Arrangements|Section 9-12-20. Qualified Excess Benefit Arrangements created.

 Each retirement system may establish and maintain a QEBA. The amount of any annual benefit that would be payable pursuant to this chapter but for the limitation imposed by Section 415 of the Internal Revenue Code shall be paid from a QEBA established and maintained pursuant to this chapter. A QEBA established under this chapter shall be maintained through a separate unfunded QEBA. This arrangement is established for the sole purpose of enabling the retirement systems to continue to apply the same formulas for determining benefits payable to all employees covered by the retirement systems created under Chapters 1, 8, 9, and 11 of this title, including those whose benefits are limited by Section 415 of the Internal Revenue Code.  HISTORY: 2008 Act No. 311, Section 28, eff June 4, 2008.
SC Code § 9-12-30 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 12 - Qualified Excess Benefits Arrangements|Section 9-12-30. Administration of QEBAs.

 The board shall administer the QEBAs. The board has full discretionary authority to determine all questions arising in connection with the QEBAs, including its interpretation and any factual questions arising under the QEBAs. Further, the board has full authority to make modifications to the benefits payable under the QEBAs as may be necessary to maintain the QEBAs' qualification under Section 415(m) of the Internal Revenue Code.  HISTORY: 2008 Act No. 311, Section 28, eff June 4, 2008.
SC Code § 9-12-40 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 12 - Qualified Excess Benefits Arrangements|Section 9-12-40. Eligibility for participation in a QEBA.

 All members, retired members, and beneficiaries of the retirement systems are eligible to participate in a QEBA if their benefits would exceed the limitation imposed by Section 415 of the Internal Revenue Code. Participation is determined for each calendar year, and participation shall cease for any calendar year in which the benefit of a member, retired member, or beneficiary is not limited by Section 415 of the Internal Revenue Code.  HISTORY: 2008 Act No. 311, Section 28, eff June 4, 2008.
SC Code § 9-12-50 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 12 - Qualified Excess Benefits Arrangements|Section 9-12-50. QEBA supplemental retirement allowance.

 On and after the effective date of the QEBA, the board shall pay to each eligible retiree and beneficiary a supplemental retirement allowance equal to the difference between the retiree's or beneficiary's monthly benefit otherwise payable from the applicable retirement system prior to any reduction or limitation because of Section 415 of the Internal Revenue Code and the actual monthly benefit payable from the retirement system as limited by Section 415. The board shall compute and pay the supplemental retirement allowance in the same form, at the same time, and to the same persons as such benefits would have otherwise been paid as a monthly pension under the retirement system except for the Internal Revenue Code Section 415 limitations.  HISTORY: 2008 Act No. 311, Section 28, eff June 4, 2008.
SC Code § 9-12-60 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 12 - Qualified Excess Benefits Arrangements|Section 9-12-60. Amount of contributions to the QEBA.

 The board shall determine the amount of benefits that cannot be provided under the retirement systems because of the limitations of Section 415 of the Internal Revenue Code, and the amount of contributions that must be made to the QEBAs as separate funds within the retirement systems. The board shall engage such actuarial services as shall be required to make these determinations. If applicable, fees for the actuary's service shall be paid by the applicable employers.  HISTORY: 2008 Act No. 311, Section 28, eff June 4, 2008.
SC Code § 9-12-70 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 12 - Qualified Excess Benefits Arrangements|Section 9-12-70. Employer contributions and separate fund.

 Contributions shall not be accumulated under a QEBA to pay future supplemental retirement allowances. Instead, each payment of contributions by the applicable employer that would otherwise be made to a retirement system shall be reduced by the amount necessary to pay the required supplemental retirement allowances, and these contributions will be deposited in a separate fund that is a portion of the retirement system. This separate fund is intended to be exempt from federal income tax under Sections 115 and 415(m) of the Internal Revenue Code. The board shall pay the required supplemental retirement allowances to the member, retired member, or beneficiary out of the employer contributions so transferred. The employer contributions otherwise required under the terms of a retirement system shall be divided into those contributions required to pay supplemental retirement allowances hereunder, and those contributions paid into and accumulated in the retirement system funds created under Chapter 16 of this title to pay the maximum benefits permitted. Employer contributions made to a separate fund to provide supplemental retirement allowances shall not be commingled with the contributions paid into and accumulated in the retirement system funds created under Chapter 16. The supplemental retirement allowance benefit liability shall be funded on a calendar year to calendar year basis. Any assets of a separate QEBA fund not used for paying benefits for a current calendar year shall be used, as determined by the board, for the payment of administrative expenses of the QEBA for the calendar year.  HISTORY: 2008 Act No. 311, Section 28, eff June 4, 2008.
SC Code § 9-12-80 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 12 - Qualified Excess Benefits Arrangements|Section 9-12-80. No ability to defer.

 A member, retired member, or beneficiary cannot elect to defer the receipt of all or any part of the payments due under a QEBA.  HISTORY: 2008 Act No. 311, Section 28, eff June 4, 2008.
SC Code § 9-12-90 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 12 - Qualified Excess Benefits Arrangements|Section 9-12-90. No assignment.

 Payments under a QEBA are exempt from garnishment, assignment, alienation, judgments, and other legal processes to the same extent as a retirement allowance under a retirement system.  HISTORY: 2008 Act No. 311, Section 28, eff June 4, 2008.
SC Code § 9-12-100 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 12 - Qualified Excess Benefits Arrangements|Section 9-12-100. QEBA funds unsecured.

 Nothing in this chapter shall be construed as providing for assets to be held in trust or escrow or any form of asset segregation for members, retired members, or beneficiaries. To the extent any person acquires the right to receive benefits under a QEBA, the right shall be no greater than the right of any unsecured general creditor of the State of South Carolina.  HISTORY: 2008 Act No. 311, Section 28, eff June 4, 2008.
SC Code § 9-12-110 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 12 - Qualified Excess Benefits Arrangements|Section 9-12-110. QEBA is a governmental plan.

 A QEBA is a portion of a governmental plan as defined in Section 414(d) of the Internal Revenue Code, and is intended to meet the requirements of Internal Revenue Code Sections 115 and 415(m), and shall be so interpreted and administered.  HISTORY: 2008 Act No. 311, Section 28, eff June 4, 2008.
SC Code § 9-12-120 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 12 - Qualified Excess Benefits Arrangements|Section 9-12-120. No deduction for employer contributions.

 Amounts deducted from employer contributions and deposited in a separate QEBA fund shall not increase the amount of employer contributions required under Chapters 1, 8, 9, and 11 of this title.  HISTORY: 2008 Act No. 311, Section 28, eff June 4, 2008.
SC Code § 9-13-10 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 13 - Firemen's Pension Funds In Cities|Section 9-13-10. Power of cities to establish pension funds, create board of trustees, and raise monies.

 In any city of this State having a fire department with one or more paid members, the city council may form a pension fund, create a board of trustees to manage such fund and raise funds for the pensioning of disabled and retired firemen of such cities.  HISTORY: 1962 Code Section 61-381; 1952 Code Section 61-381; 1942 Code Section 7532; 1932 Code Sections 7551 to 7566; Civ. C. '22 Sections 4658 to 4673; Civ. C. '12 Sections 2968 to 2983; 1904 (24) 490; 1945 (44) 236; 1979 Act No. 79 Section 1.
SC Code § 9-13-20 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 13 - Firemen's Pension Funds In Cities|Section 9-13-20. Board of trustees and officers.

 The board of trustees shall consist of five members as follows: the chief of the fire department, the mayor of the city, or one member of council to be appointed by the mayor who will serve a two-year term, and three members elected in such manner and with such qualifications as council by ordinance shall prescribe and having terms of office of not more than three years. Any member is eligible to succeed himself. The board shall select from its members a president and secretary and the city treasurer is ex officio treasurer of the board and custodian of the pension fund, but has no vote as a member of the board.  HISTORY: 1962 Code Section 61-382; 1952 Code Section 61-382; 1942 Code Section 7532; 1932 Code Sections 7551 to 7566; Civ. C. '22 Sections 4658 to 4673; Civ. C. '12 Sections 2968 to 2983; 1904 (24) 490; 1945 (44) 236; 1979 Act No. 79 Section 2; 1997 Act No. 118, Section 1, eff upon approval (became law without the Governor's signature on June 11, 1997).
SC Code § 9-13-30 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 13 - Firemen's Pension Funds In Cities|Section 9-13-30. City attorney shall advise and represent board.

 The city attorney or corporation counsel shall give advice to the board of trustees in all matters pertaining to its duties and the management of the firemen's pension fund whenever thereunto requested and he shall represent and defend the board as its attorney in all suits or actions at law or in equity that may be brought against it and bring all suits and actions in its behalf that may be required or determined upon by the board.  HISTORY: 1962 Code Section 61-383; 1952 Code Section 61-383; 1942 Code Section 7532; 1932 Code Sections 7551 to 7566; Civ. C. '22 Sections 4658 to 4673; Civ. C. '12 Sections 2968 to 2983; 1904 (24) 490; 1945 (44) 236.
SC Code § 9-13-40 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 13 - Firemen's Pension Funds In Cities|Section 9-13-40. Rules and regulations; decisions on applications.

 The board of trustees of the firemen's pension fund shall, by four-fifths vote of its members, make all necessary regulations for its government in the discharge of its duties and may, if the pension fund be sufficient, provide by such regulation for benefits in addition to those provided for by this chapter and the conditions on which such benefits may be paid. The board of trustees shall hear and decide all applications for pensions under this chapter. Its decisions on such applications shall be final and conclusive and not subject to review or reversal except by the board.  HISTORY: 1962 Code Section 61-384; 1952 Code Section 61-384; 1942 Code Section 7532; 1932 Code Sections 7551 to 7566; Civ. C. '22 Sections 4658 to 4673; Civ. C. '12 Sections 2968 to 2983; 1904 (24) 490; 1945 (44) 236; 1979 Act No. 79 Section 3.
SC Code § 9-13-45 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 13 - Firemen's Pension Funds In Cities|Section 9-13-45. Annual actuarial valuation of assets and liabilities.

 The board of trustees shall designate an actuary who shall, on the basis of regular interest and tables last adopted by the board, make an annual valuation of the contingent assets and liabilities of the system.  HISTORY: 1979 Act No. 79 Section 11.
SC Code § 9-13-50 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 13 - Firemen's Pension Funds In Cities|Section 9-13-50. Investment of fund.

 The board of trustees may invest the pension fund in the name of "Board of Trustees of the Firemen's Fund of the City of __________" in any of the following:  (1) Obligations of the United States or obligations fully guaranteed both as to principal and interest by the United States;  (2) Obligations of the Federal intermediate credit banks, Federal home loan banks, Federal National Mortgage Association, banks for cooperatives and Federal land banks and any notes, bonds, debentures, or other similar obligations, consolidated or otherwise, issued by farm credit institutions pursuant to authorities contained in the Farm Credit Act of 1971 (Public Law 92-181);  (3) Obligations of this State;  (4) In the shares of Federal savings and loan associations and State-chartered building or savings and loan associations in which deposits are guaranteed by the Federal Savings and Loan Insurance Corporation, not to exceed the amount covered by insurance.  All such securities shall be deposited by the treasurer with other securities of the city and shall be subject to the order of the board of trustees.  HISTORY: 1962 Code Section 61-385; 1952 Code Section 61-385; 1942 Code Section 7532; 1932 Code Sections 7551 to 7566; Civ. C. '22 Sections 4658 to 4673; Civ. C. '12 Sections 2968 to 2983; 1904 (24) 490; 1945 (44) 236; 1974 (58) 2382; 1979 Act No. 79 Section 4.
SC Code § 9-13-60 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 13 - Firemen's Pension Funds In Cities|Section 9-13-60. Selection of depository.

 A board of trustees of a firemen's pension fund hereunder shall select a bank or banks in which all monies shall be deposited by the treasurer of the board.  HISTORY: 1962 Code Section 61-386; 1952 Code Section 61-386; 1942 Code Section 7532; 1932 Code Sections 7551 to 7566; Civ. C. '22 Sections 4658 to 4673; Civ. C. '12 Sections 2968 to 2983; 1904 (24) 490; 1945 (44) 236; 1955 (49) 260; 1979 Act No. 79 Section 5.
SC Code § 9-13-70 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 13 - Firemen's Pension Funds In Cities|Section 9-13-70. Payments by treasurer to fund; collection of assessments.

 City councils of cities having boards of trustees of firemen's pension funds under this chapter shall ordain and order that the city treasurer pay into the pension fund, semi-annually at such dates as may be adopted by the respective city councils, the amounts as levied, the treasurer to report them to the secretary of the board of trustees to be entered on the records of the board at its next meeting. The collection of the assessments under this chapter shall be liable to the same enforcement as any other taxes under the laws of this State.  HISTORY: 1962 Code Section 61-387; 1952 Code Section 61-387; 1942 Code Section 7532; 1932 Code Sections 7551 to 7566; Civ. C. '22 Sections 4658 to 4673; Civ. C. '12 Sections 2968 to 2983; 1904 (24) 490; 1945 (44) 236.
SC Code § 9-13-80 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 13 - Firemen's Pension Funds In Cities|Section 9-13-80. Sources of funds.

 The funds for such pension fund shall be raised as follows:  (1) The board of trustees may take by gift, devise or bequest any money, real estate, personal property or other valuable things and pay them into the pension fund;  (2) All forfeitures and fines imposed upon any member of the fire department, by way of discipline, shall be paid into the pension fund;  (3) All proceeds from sales of condemned or discarded personal property and equipment in use in the department may be paid into the pension fund;  (4) The city council of any city having a board of trustees under this chapter may levy and collect such taxes as may be necessary and appropriate such monies as may be necessary to supplement and support such pension funds and may assess and collect from the salary of each member of the fire department an amount set by the board in accordance with a majority vote of the members of the fire department and pay such assessments into the pension fund;  (5) Any funds remitted to the firemen's pension fund derived from foreign insurance companies as provided in Chapter 57 of Title 38.  Provided, however, that such funds shall not be restricted for such use by the participating fire departments.  HISTORY: 1962 Code Section 61-388; 1952 Code Section 61-388; 1942 Code Section 7532; 1932 Code Sections 7551 to 7566; Civ. C. '22 Sections 4658 to 4673; Civ. C. '12 Sections 2968 to 2983; 1904 (24) 490; 1945 (44) 236; 1979 Act No. 79 Section 6.
SC Code § 9-13-90 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 13 - Firemen's Pension Funds In Cities|Section 9-13-90. Annual report of board.

 The board of trustees shall make a report to the city council of the condition of the pension fund within sixty days after the end of each fiscal year of the city.  HISTORY: 1962 Code Section 61-389; 1952 Code Section 61-389; 1942 Code Section 7532; 1932 Code Sections 7551 to 7566; Civ. C. '22 Sections 4658 to 4673; Civ. C. '12 Sections 2968 to 2983; 1904 (24) 490; 1945 (44) 236.
SC Code § 9-13-100 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 13 - Firemen's Pension Funds In Cities|Section 9-13-100. Record of proceedings.

 The board shall cause to be kept a record of all its meetings and proceedings.  HISTORY: 1962 Code Section 61-390; 1952 Code Section 61-390; 1942 Code Section 7532; 1932 Code Sections 7551 to 7566; Civ. C. '22 Sections 4658 to 4673; Civ. C. '12 Sections 2968 to 2983; 1904 (24) 490; 1945 (44) 236.
SC Code § 9-13-110 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 13 - Firemen's Pension Funds In Cities|Section 9-13-110. Interest on deposits or investments.

 In case the pension fund, or any part thereof, shall, by order of the board or otherwise, be deposited in any bank or invested as herein stated all interest or money which may be paid or agreed to be paid on account of such sums or deposit shall belong to and constitute a part of the fund. But nothing herein contained shall be construed as authorizing the treasurer to deposit such funds, or any part thereof, unless so authorized by the board.  HISTORY: 1962 Code Section 61-391; 1952 Code Section 61-391; 1942 Code Section 7532; 1932 Code Sections 7551 to 7566; Civ. C. '22 Sections 4658 to 4673; Civ. C. '12 Sections 2968 to 2983; 1904 (24) 490; 1945 (44) 236.
SC Code § 9-13-120 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 13 - Firemen's Pension Funds In Cities|Section 9-13-120. Disbursement of funds.

 All moneys ordered to be paid by the board of trustees shall be paid by the treasurer only upon warrants signed by the president of the board and countersigned by the secretary thereof or, in the absence of either one or both of such officers, by the president and secretary pro tem, as may be appointed by the board of trustees at a meeting called for that purpose, and no warrant shall be drawn except by order of the board, duly entered in the records of the proceedings of the board.  HISTORY: 1962 Code Section 61-392; 1952 Code Section 61-392; 1942 Code Section 7532; 1932 Code Sections 7551 to 7566; Civ. C. '22 Sections 4658 to 4673; Civ. C. '12 Sections 2968 to 2983; 1904 (24) 490; 1945 (44) 236.
SC Code § 9-13-130 (2021)
2021 South Carolina Code of Laws|Title 9 - Retirement Systems|Chapter 13 - Firemen's Pension Funds In Cities|Section 9-13-130. Only regular members are eligible for pensions or other benefits.

 No person shall be entitled to receive any pension or other benefits from any such fund except a regularly paid member of a regularly organized fire department and in accordance with the provisions herein contained.  HISTORY: 1962 Code Section 61-393; 1952 Code Section 61-393; 1942 Code Section 7532; 1932 Code Sections 7551 to 7566; Civ. C. '22 Sections 4658 to 4673; Civ. C. '12 Sections 2968 to 2983; 1904 (24) 490; 1945 (44) 236.