South Carolina Code 9-1-300. Records and reports
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Terms Used In South Carolina Code 9-1-300
- 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 a record of all its proceedings under this chapter, which shall be open to public inspection. It shall publish annually a report showing the fiscal transactions of the System for the preceding year, the amount of the accumulated cash and securities of the System and the last balance sheet showing the financial condition of the System by means of an actuarial valuation of the contingent assets and liabilities of the System.