South Carolina General Assembly
103rd Session, 1979-1980

Bill 3293

                    Current Status

Bill Number:               3293
Ratification Number:       436
Act Number                 380
Introducing Body:          House
Subject:                   Relating to the South Carolina Police
                           Officers Retirement System
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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A380, R436, H3293)

AN ACT TO AMEND SECTION 9-11-140, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE SOUTH CAROLINA POLICE OFFICERS RETIREMENT SYSTEM, SO AS TO INCREASE THE ALLOWANCE FOR BENEFICIARIES.

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

Allowance increased

Section 1. The last paragraph of Section 9-11-140 of the 1976 Code is amended to read:

"The monthly allowance any beneficiary is receiving under this program on July 1, 1980, shall be increased by ten percent effective on such date, provided the beneficiary was receiving a benefit on July 1, 1979."

Section 2. The provisions of this act shall not take effect unless the governing body of the Police Officers Retirement System shall first determine that funding for such increase on a sound actuarial basis has been provided or is concurrently provided.

Time Effective

Section 3. This act shall take effect upon approval by the Governor.