S*0594(Rat #0138, Act #0085 of 1989)  General Bill, By Land
 A Bill to amend Section 9-1-1510, Code of Laws of South Carolina, 1976,
 relating to the requirements for service retirement under the South Carolina
 Retirement System, so as to provide that a member of the System who is an
 elected official whose annual compensation is less than the earnings
 limitation below which a return to covered employment does not affect the
 receipt of benefits and who is otherwise eligible for service retirement may
 retire without a break in service.

   03/29/89  Senate Introduced, read first time, placed on calendar
                     without reference SJ-11
   03/30/89  Senate Read second time SJ-26
   03/30/89  Senate Unanimous consent for third reading on next
                     legislative day SJ-26
   03/31/89  Senate Read third time and sent to House SJ-15
   04/04/89  House  Introduced and read first time HJ-20
   04/04/89  House  Referred to Committee on Ways and Means HJ-20
   04/20/89  House  Committee report: Favorable Ways and Means HJ-21
   05/03/89  House  Read second time HJ-13
   05/04/89  House  Read third time and enrolled HJ-17
   05/11/89         Ratified R 138
   05/17/89         Signed By Governor
   05/17/89         Effective date 05/17/89
   05/17/89         Act No. 85
   05/26/89         Copies available

AN ACT TO AMEND SECTION 9-1-1510, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE REQUIREMENTS FOR SERVICE RETIREMENT UNDER THE SOUTH CAROLINA RETIREMENT SYSTEM, SO AS TO PROVIDE THAT A MEMBER OF THE SYSTEM WHO IS AN ELECTED OFFICIAL WHOSE ANNUAL COMPENSATION IS LESS THAN THE EARNINGS LIMITATION BELOW WHICH A RETURN TO COVERED EMPLOYMENT DOES NOT AFFECT THE RECEIPT OF BENEFITS AND WHO IS OTHERWISE ELIGIBLE FOR SERVICE RETIREMENT MAY RETIRE WITHOUT A BREAK IN SERVICE.

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

Retirement allowed

SECTION 1. Section 9-1-1510 of the 1976 Code is amended by adding at the end:

"A member who is an elected official whose annual compensation is less than the earnings limitation pursuant to Section 9-1-1790 and who is otherwise eligible for service retirement may retire for purposes of this section without a break in service."

Time effective

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