Payments for annuity contracts considered income.

S.C. Code Ann. § 9-15-20
in effect
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The amounts so paid for any such contract shall be considered as payment of salary to such employee for purposes of the Teachers' Retirement System, State aid, Social Security, State income taxes and other State purposes.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t09c015.phpFetched: 10/17/2026

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