Download This Bill in Microsoft Word format
Indicates Matter Stricken
Indicates New Matter
S. 913
STATUS INFORMATION
General Bill
Sponsors: Senators Reese and Knotts
Document Path: l:\council\bills\gjk\20906sd04.doc
Companion/Similar bill(s): 855, 4757
Introduced in the Senate on February 4, 2004
Currently residing in the Senate Committee on Finance
Summary: Retirement system; no more than twelve months of overpayments may be recouped from benefits; repayment provisions
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 2/4/2004 Senate Introduced and read first time SJ-27 2/4/2004 Senate Referred to Committee on Finance SJ-27
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTIONS 9-1-1675 AND 9-11-165 SO AS TO PROVIDE THAT NO MORE THAN TWELVE MONTHS OF OVERPAYMENTS MAY BE RECOUPED FROM THE RETIREMENT BENEFITS OF RETIREES UNDER THE SOUTH CAROLINA RETIREMENT SYSTEM AND THE SOUTH CAROLINA POLICE OFFICERS RETIREMENT SYSTEM WHO RECEIVED OVERPAYMENTS THROUGH NO FRAUDULENT ACT OF THE RETIREE, AND TO PROVIDE THAT THE REPAYMENT BY THE RETIRED MEMBER MUST BE OVER A PERIOD OF NO LESS THAN THIRTY-SIX MONTHS IN EQUAL MONTHLY INSTALLMENTS WITHOUT INTEREST.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 13, Chapter 1, Title 9 of the 1976 Code is amended by adding:
"Section 9-1-1675. If a retired member receives overpayment of retirement benefits through no fraudulent act of the member, the system may not recoup from the retiree's benefit more than the total of overpayments received by the member in the twelve months preceding the date the system provides notice in writing to the member of the overpayment. The repayment by the retired member must be over a period of no less than thirty-six months in equal monthly installments without interest."
SECTION 2. Article 1, Chapter 11, Title 9 of the 1976 Code is amended by adding:
"Section 9-11-165. If a retired member receives overpayment of retirement benefits through no fraudulent act of the member, the system may not recoup from the retiree's benefit more than the total of overpayments received by the member in the twelve months preceding the date the system provides notice in writing to the member of the overpayment. The repayment by the retired member must be over a period of no less than thirty-six months in equal monthly installments without interest."
SECTION 3. This act takes effect upon approval by the Governor.
This web page was last updated on Monday, December 7, 2009 at 10:20 A.M.