Current Status Bill Number:369 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19950117 Primary Sponsor:McGill All Sponsors:McGill Drafted Document Number:jic\5012htc.95 Residing Body:House Current Committee:Ways and Means Committee 30 HWM Subject:Retirement, municipal employee
Body Date Action Description Com Leg Involved
______ ________ _______________________________________ _______ ____________
House 19950222 Introduced, read first time, 30 HWM
referred to Committee
Senate 19950221 Read third time, sent to House
Senate 19950216 Read second time, notice of
general amendments
Senate 19950215 Committee report: Favorable 06 SF
Senate 19950117 Introduced, read first time, 06 SF
referred to Committee
View additional legislative information at the LPITS web site.
Indicates Matter Stricken
Indicates New Matter
COMMITTEE REPORT
February 15, 1995
S. 369
S. Printed 2/15/95--S.
Read the first time January 17, 1995.
To whom was referred a Bill (S. 369), to amend Section 9-1-1860, Code of Laws of South Carolina, 1976, relating to the eligibility of a contributing member of the South Carolina Retirement System, etc., respectfully
That they have duly and carefully considered the same, and recommend that the same do pass:
JOHN DRUMMOND, for Committee.
1. Estimated Cost to State-First Year$-0-
2. Estimated Cost to State-Annually Thereafter$-0-
Senate Bill 369 would amend Section 9-1-1860 of the South Carolina Code of Laws, 1976, related to establishing service credit for a member's former employment, so as to extend the eligibility to a contributing member who served without compensation as a member of the governing body of a municipality.
A review of this bill by the Retirement Division of the State Budget and Control Board indicates there will not be any fiscal impact upon the South Carolina Retirement System. Since benefits of the retirement systems are funded by contributions and earnings on investments, there will not be any additional impact upon the General Fund of the State.
Prepared By: Approved By:
Allan Kincaid George N. Dorn, Jr.
Chief Budget Analyst Director, Office of State Budget
TO AMEND SECTION 9-1-1860, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE ELIGIBILITY OF A CONTRIBUTING MEMBER OF THE SOUTH CAROLINA RETIREMENT SYSTEM TO ESTABLISH SERVICE CREDIT FOR THE MEMBER'S FORMER EMPLOYMENT BY A MUNICIPALITY WHICH WAS NOT A COVERED EMPLOYER AT THE TIME OF SUCH EMPLOYMENT, SO AS TO EXTEND THE ELIGIBILITY TO A CONTRIBUTING MEMBER WHO FORMERLY SERVED AS A MEMBER OF THE GOVERNING BODY OF SUCH A MUNICIPALITY AND TO PROVIDE THAT PAYMENT OF A SALARY TO THE MEMBER OF THE GOVERNING BODY IS NOT A REQUIREMENT FOR ELIGIBILITY TO ESTABLISH SUCH SERVICE.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 9-1-1860 of the 1976 Code, as added by Act 658 of 1988, is amended to read:
"Section 9-1-1860. Any A former employee or member of the governing body of a municipality of this State which is not a member of the system, employed in this State by an employer covered by the system, and who is currently a contributing member, may elect to receive prior service credit for service rendered as an employee or member of the governing body of a municipality of this State which is not a member of the system in the manner provided in Section 9-1-1840 9-1-1140 for payments to establish credit for federal civilian service, mutatis mutandi. Payment of a salary to a former member of the governing body of a municipality is not a requirement for eligibility under this section."
SECTION 2. This act takes effect upon approval by the Governor.