H 4945 Session 111 (1995-1996)
H 4945 General Bill, By Fleming, Bailey, B.D. Cain, Cato, Cooper, Davenport,
Gamble, R.J. Herdklotz, Koon, Meacham, Sandifer, Seithel, Simrill, Stuart,
Tripp and Vaughn
A Bill to amend Section 9-9-40 and 9-9-60, both as amended, Code of Laws of
South Carolina, 1976, relating to membership in and eligibility for benefits
under the Retirement System for Members of the General Assembly, so as to
eliminate prospectively the receipt of retirement benefits under this System
for members currently in employment covered by the South Carolina Retirement
System or the South Carolina Police Officers' Retirement System, and to repeal
prospectively Section 9-8-125, relating to the eligibility for a member of the
Retirement System for Judges and Solicitors who has attained age sixty-five
and is otherwise qualified to receive retirement benefits from the General
Assembly Retirement System.
04/11/96 House Introduced and read first time HJ-54
04/11/96 House Referred to Committee on Ways and Means HJ-55
A BILL
TO AMEND SECTIONS 9-9-40 AND 9-9-60, BOTH AS
AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976,
RELATING TO MEMBERSHIP IN AND ELIGIBILITY FOR
BENEFITS UNDER THE RETIREMENT SYSTEM FOR
MEMBERS OF THE GENERAL ASSEMBLY, SO AS TO
ELIMINATE PROSPECTIVELY THE RECEIPT OF
RETIREMENT BENEFITS UNDER THIS SYSTEM FOR
MEMBERS CURRENTLY IN EMPLOYMENT COVERED BY
THE SOUTH CAROLINA RETIREMENT SYSTEM OR THE
SOUTH CAROLINA POLICE OFFICERS' RETIREMENT
SYSTEM, AND TO REPEAL PROSPECTIVELY SECTION
9-8-125, RELATING TO THE ELIGIBILITY FOR A MEMBER
OF THE RETIREMENT SYSTEM FOR JUDGES AND
SOLICITORS WHO HAS ATTAINED AGE SIXTY-FIVE AND
IS OTHERWISE QUALIFIED TO RECEIVE RETIREMENT
BENEFITS FROM THE GENERAL ASSEMBLY RETIREMENT
SYSTEM.
Be it enacted by the General Assembly of the State of South
Carolina:
SECTION 1. The second paragraph of Section 9-9-40(3) of the
1976 Code, as last amended by Act 497 of 1994, is further
amended to read:
"If a member of a correlated system ceases to occupy a
position covered under the system and if, within the protective
period and under the conditions set forth in the correlated system
for continuation of membership therein, he accepts a position
covered by another correlated system, he shall notify the director of
each system of the employment, and his membership in the first
system is continued so long as his membership in the other system
continues. Service credited to the members under the provisions of
the first system is considered service credits for the purpose of
determining eligibility for benefits, but not the benefit amount,
under the other system. A benefit under any one of the correlated
systems must be computed solely on the basis of service and
contributions credited under that system, and is payable at the times
and subject to the age and service conditions set forth. A member
is not eligible to receive retirement payments so long as he
is while employed in a position covered by the South
Carolina Retirement System or the South Carolina Police Officers'
Retirement System. Notwithstanding the provisions of this
paragraph, a member of the Retirement System for Members of the
General Assembly who is (1) at least sixty-five years of age, (2) not
currently serving in the General Assembly, and (3) eligible to
receive retirement benefits from the General Assembly System but
for the member's current employment covered by a correlated
system may elect to receive retirement benefits from the General
Assembly System."
SECTION 2. Section 9-9-60(1) of the 1976 Code, as last
amended by Act 497 of 1994, is further amended to read:
"(1) A member of the system may retire upon written
application to the board setting forth at what time, not more than
ninety days before nor more than six months subsequent to the
execution and filing of the application, he desires to be retired, if
the member at the time specified for his retirement is no longer in
the service of the State, whether as a member of the General
Assembly or otherwise, except as provided in Section
9-9-40(3), and has either attained the age of sixty years or
completed thirty years of credited service."
SECTION 3. Section 9-8-125 of the 1976 Code is repealed.
SECTION 4. This act takes effect upon approval by the
Governor and applies to persons not employed in positions covered
under the South Carolina Retirement System, South Carolina Police
Officers' Retirement System, and Retirement System for Judges and
Solicitors on that date.
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