S.C. Code § 9-1-1615

Current through 2024 Act No. 225.
Section 9-1-1615 - Retirement allowances payable in monthly installments; payments after death of retired member

All retirement allowances are payable in monthly installments. Upon the death of a retired member, the retirement allowance for the month the retired member died, if not previously paid, must be paid to the member's designated beneficiary, if the beneficiary is living at the time of the member's death, otherwise to the member's estate. If the retired member elected a survivor option pursuant to the optional forms of allowances in Section 9-1-1620, any allowance payable to a survivor beneficiary commences in the month after the death of the retired member.

S.C. Code § 9-1-1615

2001 Act No. 1, Part II, Section 2A5, eff 1/1/2001.