(Doc Name H:\LEGWORK\HOUSE\AMEND\H-WM\005\REMOVE RETURN TO WORK EARNINGS LIMIT.DOCX):
EXPLANATION: Provides that the $10,000 earning limitation for return to work retirees shall no longer be applicable as long as the retiree has been retired for twelve consecutive months.
Amend the bill, as and if amended, Part IB, Section 108, PUBLIC
EMPLOYEE BENEFIT AUTHORITY, page 461, after line 5, by adding an
appropriately numbered paragraph to read:
/(PEBA: Return to Covered Employment): For compensation
earned during the current fiscal year, the earnings limitation
imposed pursuant to Sections 9-1-1790(A)(1) and 9-11-90(4)(a)(i)
of the Code of Laws does not apply if the retired member has not
been engaged to perform services for a participating employer in
the South Carolina Retirement System or South Carolina Police
Officers Retirement System for compensation in any capacity,
whether as an employee, independent contractor, leased employee,
joint employee, or other classification of worker, for a period
of at least twelve consecutive months subsequent to
retirement./
Renumber sections to conform.
Amend totals and titles to conform.