{"data":{"id":"us-sc/s.c.-code-ann.-9-16-40","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 9-16-40","heading":"Standards for discharge of duty.","body":"A trustee, commission member, or other fiduciary shall discharge duties with respect to a retirement system:\n(1) solely in the interest of the retirement systems, participants, and beneficiaries;\n(2) for the exclusive purpose of providing benefits to participants and beneficiaries and paying reasonable expenses of administering the system;\n(3) with the care, skill, and caution under the circumstances then prevailing which a prudent person acting in a like capacity and familiar with those matters would use in the conduct of an activity of like character and purpose;\n(4) impartially, taking into account any differing interests of participants and beneficiaries;\n(5) incurring only costs that are appropriate and reasonable; and\n(6) in accordance with a good faith interpretation of this chapter.","path":["Title 9 - RETIREMENT SYSTEMS","CHAPTER 16 Retirement System Funds","ARTICLE 1 Duties of the Trustee, Fiduciaries, Agents"],"source_url":"https://www.scstatehouse.gov/code/t09c016.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T06:30:14Z","sha256":"3d96adf554668ab977b47d1dcd2489ef7274a62c7006a21e0b7ef4aa3ca68f28","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-9-16-30","next":"us-sc/s.c.-code-ann.-9-16-50"},"notice":"GroundRules: Original legal text. Not legal advice."}