South Carolina Senate Bill 1038 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 6-3)
Status: Introduced on January 10 2012 - 25% progression, died in committee
Action: 2012-01-10 - Referred to Committee on Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]

Close The Retirement System For Members Of The General Assembly Of The State Of South Carolina (gars) To New Members After 2012, To Provide That No Additional Service Credit May Be Earned Or Established In Gars Nor Member Contributions Accepted By Gars After 2012, To Provide That Annuity Benefits Earned By Gars Members Before 2013 Must Be Paid, Including Applicable Survivor Benefits, To Provide For The Refund Of Contributions And Applicable Interest To Gars Members Who Have Not Earned An Annuity Benefit Before 2013, And To Provide That Members Of The General Assembly Participating In The State Deferred Compensation Plans Shall Receive A State-paid Matching Contribution Not To Exceed In Total The Match That Would Be Paid If They Were Participating In The State Optional Retirement Program.

Retirement system for General Assembly members

Sen. George Campsen [R]	Sen. Raymond Cleary [R]	Sen. John Courson [R]	Sen. Dick Elliott [D]
Sen. Chauncey Gregory [R]	Sen. Joel Lourie [D]	Sen. Shane Massey [R]	Sen. Michael Rose [R]
Sen. Nikki Setzler [D]

Date	Chamber	Action
2012-01-10		Referred to Committee on Finance
2012-01-10		Introduced and read first time
2011-12-05		Referred to Committee on Finance
2011-12-05		Prefiled

Chapter	Article	Section	Citation Type	Statute Text
9	9	7	(n/a)	See Bill Text

Type	Source
Summary	https://www.scstatehouse.gov/billsearch.php?billnumbers=1038&session=119&summary=B
Text	https://www.scstatehouse.gov/sess119_2011-2012/prever/1038_20111205.htm