S*0311(Rat #0113, Act #0077 of 1987)  General Bill, By W.R. Lee, Peeler and 
H.C. Smith

Similar(H 2293)
 A Bill to amend Chapter 11, Title 9, Code of Laws of South Carolina, 1976,
 relating to the South Carolina Police Officers Retirement System, by adding
 Section 9-11-55 so as to provide that members of this System are entitled to
 credit for prior service for which credit may be established by members of the
 South Carolina Retirement System and to provide the formula for payment for
 the credit.-amended title

   01/28/87  Senate Introduced and read first time SJ-316
   01/28/87  Senate Referred to Committee on Finance SJ-316
   02/25/87  Senate Committee report: Favorable with amendment
                     Finance SJ-658
   03/03/87  Senate Read second time SJ-735
   03/03/87  Senate Ordered to third reading with notice of
                     amendments SJ-735
   03/04/87  Senate Amended SJ-765
   03/04/87  Senate Read third time and sent to House SJ-765
   03/05/87  House  Introduced and read first time HJ-869
   03/05/87  House  Referred to Committee on Ways and Means HJ-869
   04/09/87  House  Committee report: Favorable with amendment Ways
                     and Means HJ-1733
   04/15/87  House  Debate interrupted HJ-1895
   04/16/87  House  Amended HJ-1973
   04/16/87  House  Read second time HJ-1974
   04/21/87  House   Read third time HJ-2038
   04/21/87  House  Returned HJ-2038
   04/23/87  Senate Concurred in House amendment and enrolled SJ-1480
   05/12/87         Ratified R 113
   05/14/87         Signed By Governor
   05/14/87         Effective date 05/14/87
   05/14/87         Act No. 77
   05/21/87         Copies available

AN ACT TO AMEND CHAPTER 11, TITLE 9, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE SOUTH CAROLINA POLICE OFFICERS RETIREMENT SYSTEM, BY ADDING SECTION 9-11-55 SO AS TO PROVIDE THAT MEMBERS OF THIS SYSTEM ARE ENTITLED TO CREDIT FOR PRIOR SERVICE FOR WHICH CREDIT MAY BE ESTABLISHED BY MEMBERS OF THE SOUTH CAROLINA RETIREMENT SYSTEM AND TO PROVIDE THE FORMULA FOR PAYMENT FOR THE CREDIT.

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

Credit established

SECTION 1. Chapter 11, Title 9 of the 1976 Code is amended by adding:

"Section 9-11-55. A member of the South Carolina Police Officers Retirement System may establish additional creditable service for this system for prior nonpolice service which has never been credited under another state retirement system for which a member of the South Carolina Retirement System may establish additional creditable service. The creditable service is established upon payment of a lump-sum contribution equal to ten percent of his annual earnable compensation at the time of payment for each year of prior service and a proportionate part thereof for a fraction of a year but the special lump-sum contribution may not be less than his earnable compensation in any of the three preceding fiscal years."

Time effective

SECTION 2. This act takes effect upon approval by the Governor.