South Carolina Code 9-1-270. Board shall keep actuarial data in convenient form
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Terms Used In South Carolina Code 9-1-270
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Board: means the Board of Directors of the South Carolina Public Employee Benefit Authority which shall act under the provisions of this chapter through its Division of Retirement Systems. See South Carolina Code 9-1-10
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- system: means the South Carolina Retirement System established under § 9-1-20. See South Carolina Code 9-1-10
The Board shall keep in convenient form such data as shall be necessary for actuarial valuation of the contingent assets and liabilities of the System and for checking the experience of the System.