Retirement System for Members of the General Assembly of the State of South Carolina (GARS) actuarial valuation report as of July 1, 2021

This report describes the current actuarial condition of the South Carolina Retirement System for Members of the General Assembly, determines the unfunded liability and the calculated funding period based on the scheduled employer and member contribution rates, as well as analyzes changes in the System’s financial condition. In addition, the report provides various summaries of the data