South Carolina General Assembly
109th Session, 1991-1992

Bill 3330

Indicates Matter Stricken
Indicates New Matter 

                    Current Status

Introducing Body:               House
Bill Number:                    3330
Primary Sponsor:                Kirsh
Committee Number:               30
Type of Legislation:            GB
Subject:                        Technical education, retirement
                                program
Residing Body:                  House
Current Committee:              Ways and Means
Date Tabled:                    Mar 04, 1992
Computer Document Number:       436/11145.DW
Introduced Date:                Jan 24, 1991
Last History Body:              House
Last History Date:              Mar 04, 1992
Last History Type:              Tabled in Committee
Scope of Legislation:           Statewide
All Sponsors:                   Kirsh
Type of Legislation:            General Bill
History


 Bill  Body    Date          Action Description              CMN
 ----  ------  ------------  ------------------------------  ---
 3330  House   Mar 04, 1992  Tabled in Committee             30
 3330  House   Jan 24, 1991  Introduced, read first time,    30
                             referred to Committee
View additional legislative information at the LPITS web site.

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND SECTION 9-17-10, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE OPTIONAL RETIREMENT PROGRAM FOR PUBLICLY-SUPPORTED FOUR-YEAR AND POSTGRADUATE INSTITUTIONS OF HIGHER LEARNING, SO AS TO AUTHORIZE TECHNICAL EDUCATION COLLEGTES TO PARTICIPATE IN THIS PROGRAM.

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

SECTION 1. Section 9-17-10 of the 1976 Code is amended to read:

"Section 9-17-10. There is established an optional retirement program for the publicly-supported four-year and postgraduate institutions of higher education and technical education colleges. Only employees of participating institutions holding faculty and administrative positions are eligible to participate in the optional retirement program. No employee is eligible to participate in the optional retirement program unless he is eligible for membership in the South Carolina Retirement System. Retirement and death benefits must be provided for participants a participant in the optional retirement program through the purchase of an individual annuity contracts contract, fixed or variable in nature, or a combination thereof of them. The State and the participants participant shall contribute toward the purchase of such contracts the contract which must be issued to, and become the property of, the participants participant."

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

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