S 0600 General Bill, By Lander, Courson, Giese and Wilson

Similar(H 3596)
 A BILL TO AMEND SECTION 9-1-1140, CODE OF LAWS OF SOUTH CAROLINA, 1976,
 RELATING TO ESTABLISHING SERVICE CREDIT FOR PURPOSES OF THE SOUTH CAROLINA
 RETIREMENT SYSTEM, SO AS TO INCREASE FROM NINETY TO ONE HUNDRED EIGHTY THE
 NUMBER OF DAYS OF A MEMBER'S UNUSED SICK LEAVE THAT ARE ADDED TO THE CREDITED
 SERVICE OF A MEMBER OTHERWISE ELIGIBLE TO RETIRE.

   04/02/97  Senate Introduced and read first time SJ-4
   04/02/97  Senate Referred to Committee on Finance SJ-4

TO AMEND SECTION 9-1-1140, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO ESTABLISHING SERVICE CREDIT FOR PURPOSES OF THE SOUTH CAROLINA RETIREMENT SYSTEM, SO AS TO INCREASE FROM NINETY TO ONE HUNDRED EIGHTY THE NUMBER OF DAYS OF A MEMBER'S UNUSED SICK LEAVE THAT ARE ADDED TO THE CREDITED SERVICE OF A MEMBER OTHERWISE ELIGIBLE TO RETIRE.

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

SECTION 1. The last unnumbered paragraph of Section 9-1-1140 of the 1976 Code is amended to read:

"At retirement, after March 31, 1991, a member shall receive credit for not more than ninety one hundred eighty days of his unused sick leave at no cost to the member. The leave must be credited at a rate where twenty days of unused sick leave equals one month of service. This additional service credit may not be used to qualify for retirement."

SECTION 2. This act applies with respect to members of the South Carolina Retirement System retiring after June 30, 1997.