§ 9-16-315 Retirement System Investment Commission; membership; terms; qualifications; chief executive officer; chief investment officer and administrative staff; attorneys; costs and salary
§ 9-16-320 Adoption of annual investment plan; quarterly review; deliberations in executive session; independent advisors
§ 9-16-330 Statement of actuarial assumptions and investment objectives; delegation of final authority to invest; components of plan; diversification; verification of investment facts; analysis and recommendations
§ 9-16-335 Assumed annual rate of return
§ 9-16-340 Investment of retirement systems assets; annual investment plan; adoption and review
§ 9-16-345 Minority and minority-owned business representation
§ 9-16-350 Use of information for self-interest; blind trusts; violations; punishment; provisions cumulative with other laws
§ 9-16-360 Standards of conduct for fiduciary or employee of fiduciary
§ 9-16-370 Defense and indemnification of Retirement System Investment Commission members, officers, and management employees
§ 9-16-380 Audit of Retirement System Investment Commission

Terms Used In South Carolina Code > Title 9 > Chapter 16 > Article 3 - Investment of Funds

  • Assets: means all funds, investments, and similar property of the retirement system. See South Carolina Code 9-16-10
  • 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 acting as trustee of the retirement system. See South Carolina Code 9-16-10
  • Commission: means the Retirement System Investment Commission. See South Carolina Code 9-16-10
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Dismissal: The dropping of a case by the judge without further consideration or hearing. Source:
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Ex officio: Literally, by virtue of one's office.
  • Executive session: A portion of the Senate's daily session in which it considers executive business.
  • Fiduciary: means a person who:

    (a) exercises any authority to invest or manage assets of a system;

    (b) provides investment advice for a fee or other direct or indirect compensation with respect to assets of a system or has any authority or responsibility to do so;

    (c) is a member of the commission;

    (d) is the commission's chief investment officer; or

    (e) is the commission's chief executive officer. See South Carolina Code 9-16-10
  • Fiduciary: A trustee, executor, or administrator.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Joint resolution: A legislative measure which requires the approval of both chambers.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Retirement system: means the South Carolina Retirement System, Retirement System for Judges and Solicitors, Retirement System for Members of the General Assembly, National Guard Retirement System, and Police Officers Retirement System established pursuant to Chapters 1, 8, 9, 10 and 11 of this title. See South Carolina Code 9-16-10