South Carolina Senate Bill 134 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Republican 2)
Status: Introduced on January 8 2019 - 25% progression, died in committee
Action: 2019-01-08 - Referred to Committee on Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]

Amend Section 9-1-1085 Of The 1976 Code, Relating To Employer And Employee Contribution Rates, To Provide That The Defined Benefit Plan Is Closed To New Employees Immediately Following An Actuarial Determination That The System Is Fully Funded; To Amend Article 1, Chapter 1, Of Title 9 Of The 1976 Code, Relating To The South Carolina Retirement System Generally, By Adding Section 9-1-65, To Establish An Annual Joint Legislative Committee To Review The Annual Actuarial Valuation And Establish The Joint Legislative Committee's Authority To Review Any Actuarial Investigation And Valuations Prepared Pursuant To Sections 9-1-250 And 9-1-260; And To Define Necessary Terms.

Retirement system

Sen. Thomas Davis [R]

Sen. Chauncey Gregory [R]

Date	Chamber	Action
2019-01-08	Senate	Referred to Committee on Finance
2019-01-08	Senate	Introduced and read first time
2018-12-12	Senate	Referred to Committee on Finance
2018-12-12	Senate	Prefiled

Chapter	Article	Section	Citation Type	Statute Text
9	1	1085	(n/a)	See Bill Text
9	1	250	(n/a)	See Bill Text
9	1	260	(n/a)	See Bill Text
9	1	65	(n/a)	See Bill Text

Type	Source
Summary	https://www.scstatehouse.gov/billsearch.php?billnumbers=0134&session=123&summary=B
Text	https://www.scstatehouse.gov/sess123_2019-2020/prever/134_20181212.htm