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Current Status Bill Number:View additional legislative information at the LPITS web site.3502 Type of Legislation:General Bill GB Introducing Body:House Introduced Date:19990210 Primary Sponsor:W. McLeod All Sponsors:W. McLeod Drafted Document Number:l:\council\bills\pt\1246sd99.doc Residing Body:House Current Committee:Ways and Means Committee 30 HWM Subject:Retirement Systems, school district teacher retiree not limited on earnings may receive without loss of benefits History Body Date Action Description Com Leg Involved ______ ________ ______________________________________ _______ ____________ House 19990210 Introduced, read first time, 30 HWM referred to Committee Versions of This Bill
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTIONS 9-1-1605 AND 9-11-95 SO AS TO PROVIDE THAT THE LIMITATION ON THE AMOUNT OF EARNINGS IN A FISCAL YEAR A RETIREE MAY RECEIVE UNDER THE STATE RETIREMENT SYSTEM, AND THE POLICE OFFICER'S RETIREMENT SYSTEM RESPECTIVELY WITHOUT THE LOSS OF RETIREMENT BENEFITS DOES NOT APPLY TO THE EARNINGS A RETIRED MEMBER WHO IS CERTIFIED TO TEACH IN THIS STATE RECEIVES WHILE WORKING AS A CLASSROOM TEACHER IN AN ELEMENTARY OR SECONDARY PUBLIC SCHOOL OF THIS STATE AFTER RETIREMENT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The 1976 Code is amended by adding:
"Section 9-1-1605. (A) Notwithstanding any other provision of law, the limitation on the amount of earnings in any fiscal year a retiree may receive under the State Retirement System without the loss of retirement benefits does not apply to the earnings a retired member who is certified to teach in South Carolina receives while working as a classroom teacher in an elementary or secondary public school of this State after retirement.
(B) The provisions of this section are supplemental and in addition to the provisions of Section 9-1-1600."
SECTION 2. The 1976 Code is amended by adding:
"Section 9-11-95. Notwithstanding any other provision of law, the limitation on the amount of earnings in any fiscal year a retiree may receive under the Police Officer's Retirement System without the loss of retirement benefits does not apply to the earnings a retired member who is certified to teach in South Carolina receives while working as a classroom teacher in an elementary or secondary public school of this State after retirement."
SECTION 3. This act takes effect upon approval by the Governor.
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