Bill Text: SC H5178 | 2017-2018 | 122nd General Assembly | Introduced

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Bill Title: Retirement system

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2018-03-22 - Referred to Committee on Ways and Means [H5178 Detail]

Download: South_Carolina-2017-H5178-Introduced.html

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A BILL

TO AMEND SECTION 9-1-1790, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE AMOUNT OF COMPENSATION THAT MAY BE EARNED UPON RETURNING TO COVERED EMPLOYMENT IN THE SOUTH CAROLINA RETIREMENT SYSTEM, SO AS TO PROVIDE THAT THE EARNINGS LIMITATION DOES NOT APPLY TO A MEMBER WHO RETIRED BEFORE NOVEMBER 1, 2017; AND TO AMEND SECTION 9-11-90, RELATING TO THE AMOUNT OF COMPENSATION THAT MAY BE EARNED UPON RETURNING TO COVERED EMPLOYMENT IN THE POLICE OFFICERS RETIREMENT SYSTEM, SO AS TO PROVIDE THAT THE EARNINGS LIMITATION DOES NOT APPLY TO A MEMBER WHO RETIRED BEFORE DECEMBER 31, 2017.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    Section 9-1-1790(A)(2)(a) of the 1976 Code is amended to read:

"(a)    the member retired before January 2, 2013 November 1, 2017;"

SECTION    2.    Section 9-11-90(4)(a)(ii)(A) of the 1976 Code is amended to read:

"(A)    the member retired before January 2, 2013 December 31, 2017;"

SECTION    3.    This act takes effect upon approval by the Governor.