S 0145 General Bill, By Wilson

Similar(S 474)
 A BILL TO AMEND SECTION 9-1-1140, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA,
 1976, RELATING TO ESTABLISHING SERVICE CREDIT FOR PURPOSES OF THE SOUTH
 CAROLINA RETIREMENT SYSTEM, SO AS TO ALLOW UP TO NINETY DAYS OF A MEMBER'S
 UNUSED SICK LEAVE TO BE USED TO QUALIFY FOR THE CREDITED SERVICE REQUIREMENTS
 FOR SERVICE RETIREMENT.

   01/14/97  Senate Introduced and read first time SJ-138
   01/14/97  Senate Referred to Committee on Finance SJ-138

A BILL

TO AMEND SECTION 9-1-1140, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO ESTABLISHING SERVICE CREDIT FOR PURPOSES OF THE SOUTH CAROLINA RETIREMENT SYSTEM, SO AS TO ALLOW UP TO NINETY DAYS OF A MEMBER'S UNUSED SICK LEAVE TO BE USED TO QUALIFY FOR THE CREDITED SERVICE REQUIREMENTS FOR SERVICE RETIREMENT.

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, as added by Act 87 of 1991, is amended to read:

"At retirement, after March 31, 1991, a member shall receive credit for not more than ninety 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.