South Carolina Legislature


Session 107 - (1987-1988)Printer Friendly
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H*3356 (Rat #0463, Act #0424 of 1988) General Bill, By D.C. Waldrop, J.D. Bradley, P.T. Bradley, J. Brown, R.B. Brown, Carnell, C.D. Chamblee, H.H. Clyborne, J.D. Cole, Davenport, Elliott, J.G. Felder, T. Ferguson, Harvin, T.E. Huff, Lanford, J.G. McAbee, J.W. McLeod, D.A. Moss, C.H. Rice, E.C. Stoddard, C.C. Wells, J.M. White, J.B. Wilder and D.E. Winstead
Similar (S 0921)
    A Bill to amend Sections 9-11-60 and 9-11-70, Code of Laws of South Carolina, 1976, relating to the calculation of retirement allowances and years of service required for retirement eligibility for members of the South Carolina Police Officers Retirement System, so as to increase from nine dollars to ten dollars and twenty-five cents the amount multiplied by years of service in the case of class one service to determine benefits and to increase from one and three-fourths to two percent the fraction used in calculating class two service benefits and to reduce from thirty to twenty-five years the years of service necessary to retire at any age without penalty, to amend Section 9-11-210, relating to contributions, so as to increase the employee contributions of class one members from sixteen dollars to twenty-one dollars a month and to increase the employee contributions of class two members from five to six and one-half percent of compensation, to provide that the State Budget and Control Board shall adjust employer contributions in an amount not to exceed three percent of payroll to offset the actuarial costs of this Act, to authorize the Board to adjust employee contributions if necessary to offset additional actuarial cost, to provide that if contribution rates exceed the actuarial costs, both employee and employer contributions must be decreased proportionately, to amend Section 9-11-300, relating to one time increase in benefits, so as to provide a fourteen and three-tenths percent increase in benefits payed as a result of retirement prior to July 1, 1988, and to provide that the provisions of this Act are effective July 1, 1988.-amended titl
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11/16/87House Prefiled
11/16/87House Referred to Committee on Ways and Means
01/12/88House Introduced and read first time HJ-261
01/12/88House Referred to Committee on Ways and Means HJ-262
02/09/88House Committee report: Favorable with amendment Ways and Means HJ-987
02/11/88House Debate adjourned until Tuesday, February 16, 1988 HJ-1127
02/16/88House Debate interrupted HJ-1208
02/17/88House Objection by Rep. J. Rogers, Hendricks & Simpson HJ-1235
03/01/88House Objection withdrawn by Rep. Simpson & Hendricks HJ-1579
03/01/88House Objection withdrawn by Rep. J. Rogers HJ-1583
03/02/88House Amended HJ-1624
03/02/88House Read second time HJ-1624
03/02/88House Unanimous consent for third reading on next legislative day HJ-1624
03/03/88House Read third time and sent to Senate HJ-1704
03/03/88Senate Introduced, read first time, placed on calendar without reference SJ-34
03/08/88Senate Read second time SJ-43
03/08/88Senate Ordered to third reading with notice of amendments SJ-43
03/09/88Senate Amended SJ-29
03/09/88Senate Read third time SJ-33
03/09/88Senate Returned SJ-33
03/17/88House Debate adjourned HJ-2173
03/24/88House Senate amendment amended HJ-2342
03/24/88House Returned HJ-2343
03/24/88Senate Concurred in House amendment and enrolled SJ-6
03/30/88 Ratified R 463
04/05/88 Signed By Governor
04/05/88 Effective date 07/01/88
04/05/88 Act No. 424
04/12/88 Copies available

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