South Carolina Legislature


 

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S*127
Session 103 (1979-1980)


S*0127(Rat #0116, Act #0079 of 1979)  General Bill, By H.E. McDonald, 
I.E. Lourie, H. Rubin and A.M. Sanders
 A Bill to amend Chapter 13, Title 9, Code of Laws of South Carolina, 1976,
 relating to Firemen's Pension Funds in cities, in the following particulars;
 amend Section 9-13-10, so as to make chapter applicable to cities of fourteen
 thousand to twenty thousand population, 1930, census, and to cities of thirty
 thousand to sixty thousand polulation, 1950 census, amend Section 9-13-20 so
 as to alter the composition of the Board of Trustees or such pension funds and
 to provide for certain terms of office; amend Section 9-13-40 to authorize
 additional benefits wherepension funds are sufficiently large; amend Section
 9-13-50 to authorize additional investments of pension funds; amend Section
 9-13-60 to provide flexibility as to what banks may be used as a depository
 for pension funds; amend Section 9-13-80 to increase the sources of monies to
 include all funds derived from foreign insurance companies remitted through
 the State Insurance Commission and funds from assessment against firemen's
 salaries as voted by such firemen; amend Section 9-13-150 to authorize
 pensions in excess of one hundred dollars per month upon retirement after
 twenty-five years of service; amend Section 9-13-160 to authorize retirement
 of any fireman who by reason of his service becomes permanently unable to
 perform his accustomed tasks; amend Section 9-13-170 to authorize payment to
 retired or disabled firemen pursuant to Board of Trustee Regulation not to be
 less than one hundred dollars; amend Section 9-13-190 to authorize funeral
 benefits as set by pension fund regulation; to amend the Code of Laws of South
 Carolina, 1976, by adding Section 9-13-45 so as to require an actuary to make
 an annual valuation of the assets and liabilities of the Firemen's Pension
 System; and to repeal Act 193 of 1949, relating to Firemen's Pension Funds in
 the City of Columbia.
   01/16/79  Senate Introduced and read first time SJ-9
   01/16/79  Senate Referred to Committee on Finance SJ-9
   04/05/79  Senate Committee report: Favorable with amendment
                     Finance SJ-11
   04/10/79  Senate Read second time SJ-15
   04/10/79  Senate Ordered to third reading with notice of
                     amendments SJ-15
   04/12/79  Senate Amended SJ-5
   04/12/79  Senate Read third time and sent to House SJ-5
   04/12/79  House  Introduced and read first time HJ-1406
   04/12/79  House  Referred to Committee on Medical, Military,
                     Public and Municipal Affairs HJ-1407
   05/16/79  House  Committee report: Favorable Medical, Military,
                     Public and Municipal Affairs HJ-2011
   05/17/79  House  Read second time HJ-2086
   05/18/79  House  Read third time and enrolled HJ-2168
   05/30/79  Senate Ratified R 116 SJ-19
   06/05/79         Signed By Governor
   06/05/79         Effective date 06/05/79
   06/05/79         Act No. 79
   06/18/79         Copies available




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