South Carolina Senate Bill 1088 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Republican 5-1)
Status: Introduced on February 6 2020 - 25% progression, died in committee
Action: 2020-02-06 - Referred to Committee on Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]

Amend Chapter 5, Title 11 Of The 1976 Code, Relating To The State Treasurer, By Adding Article 5, To Establish The "south Carolina Work And Save Retirement Savings Plan", To Establish The "south Carolina Retirement Savings Plan Trust", To Provide That The State Shall Adopt And Implement The South Carolina Work And Save Retirement Savings Plan, To Provide Duties For The State Treasurer, To Provide Certain Exemptions From Liability, To Provide That Certain Guarantees May Not Be Made, To Provide For The Confidentiality Of Certain Information, To Provide For An Intergovernmental Agreement Or A Memorandum Of Understanding With Certain Agencies, To Provide That The State Treasurer May Use Program Managers, To Establish The "south Carolina Work And Save Administrative Fund", To Provide That The State Treasurer Shall Maintain An Accurate Account Of Certain Activity, To Provide For Severability, And To Define Necessary Terms.

SC Work and Save Retirement Savings Plan

Sen. Thomas Davis [R]	Sen. George Campsen [R]	Sen. Sandra Senn [R]	Sen. Katrina Shealy [R]
Sen. Thomas Young [R]	Sen. Michael Fanning [D]

Date	Chamber	Action
2020-02-06	Senate	Referred to Committee on Finance
2020-02-06	Senate	Introduced and read first time

H4258 (Similar To) 2020-02-18 - Member(s) request name added as sponsor: Clary, Clyburn, Hosey, Allison, Burns, Simrill, Bernstein

Type	Source
Summary	https://www.scstatehouse.gov/billsearch.php?billnumbers=1088&session=123&summary=B
Text	https://www.scstatehouse.gov/sess123_2019-2020/prever/1088_20200206.htm