South Carolina General Assembly
118th Session, 2009-2010

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Indicates Matter Stricken
Indicates New Matter

S. 925

STATUS INFORMATION

General Bill
Sponsors: Senators Thomas and Elliott
Document Path: l:\council\bills\bbm\9470htc10.docx

Introduced in the Senate on January 12, 2010
Currently residing in the Senate Committee on Finance

Summary: SC Retirement System

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   12/9/2009  Senate  Prefiled
   12/9/2009  Senate  Referred to Committee on Finance
   1/12/2010  Senate  Introduced and read first time SJ-20
   1/12/2010  Senate  Referred to Committee on Finance SJ-20

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

12/9/2009

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND SECTIONS 9-1-1140 AND 9-11-50, BOTH AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO SERVICE CREDIT FOR PURPOSES OF THE SOUTH CAROLINA RETIREMENT SYSTEM AND SOUTH CAROLINA POLICE OFFICERS RETIREMENT SYSTEM, SO AS PROSPECTIVELY TO INCREASE FROM NINETY TO ONE HUNDRED TWENTY DAYS THE AMOUNT OF UNUSED SICK LEAVE FOR WHICH A MEMBER OTHERWISE ELIGIBLE TO RETIRE RECEIVES SERVICE CREDIT.

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

SECTION    1.    Section 9-1-1140(M) of the 1976 Code, as last amended by Act 77 of 2003, is further amended to read:

"(M)    At retirement, after March 31, 1991 June 30, 2010, a member shall receive credit for not more than ninety one hundred twenty days of his unused sick leave from the member's last employer 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.    Section 9-11-50(L) of the 1976 Code, as last amended by Act 77 of 2003, is further amended to read:

"(L)    At retirement, after March 31, 1991 June 30, 2010, a member shall receive credit for not more than ninety one hundred twenty days of his unused sick leave from the member's last employer 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    3.    This act takes effect July 1, 2010.

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This web page was last updated on Monday, October 10, 2011 at 12:16 P.M.