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Bill 236

                    Current Status

Bill Number:                      236
Type of Legislation:              General Bill GB
Introducing Body:                 Senate
Introduced Date:                  19990112
Primary Sponsor:                  Giese
All Sponsors:                     Giese
Drafted Document Number:          l:\council\bills\kgh\15137htc99.doc
Residing Body:                    Senate
Current Committee:                Finance Committee 06 SF
Subject:                          Retirement Systems and Pensions, S.C., 
                                  Police Officers, service credit, benefits 
                                  increase if retired before April 1991


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
Senate  19990112  Introduced, read first time,           06 SF
                  referred to Committee
Senate  19981216  Prefiled, referred to Committee        06 SF


                             Versions of This Bill

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTIONS 9-1-1768 AND 9-11-305, SO AS TO PROVIDE AN INCREASE IN SERVICE RETIREMENT BENEFITS FOR MEMBERS OF THE SOUTH CAROLINA RETIREMENT SYSTEM AND SOUTH CAROLINA POLICE OFFICERS RETIREMENT SYSTEM WHO RETIRED BEFORE APRIL 1, 1991.

Whereas, members of the South Carolina Retirement System and South Carolina Police Officers Retirement System retiring after March 31, 1991, are allowed, as additional service credit, up to ninety days of unused accrued sick leave which translates into a benefit increase determined by the amount of accrued sick leave and number of years of service at retirement; and

Whereas, it is appropriate to extend a similar benefit increase to members of the South Carolina Retirement System and the South Carolina Police Officers Retirement System retiring before that date. Now, therefore,

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

SECTION 1. Article 13, Chapter 1, Title 9 of the 1976 Code is amended by adding:

"Section 9-1-1768. The service retirement allowance of members of the South Carolina Retirement System who retired before April 1, 1991, must be increased by a percentage that is the average percentage increase in the service allowance of members retiring in the fiscal year ending June 30, 1998, attributable to additional service credit allowed for accrued annual sick leave provided in Section 9-1-1140."

SECTION 2. Chapter 11, Title 9 of the 1976 Code is amended by adding:

"Section 9-11-305. The service retirement allowance of members of the South Carolina Police Officers Retirement System who retired before April 1, 1991, must be increased by a percentage that is the average percentage increase in the service allowance of members retiring in the fiscal year ending June 30, 1998, attributable to additional service credit allowed for accrued annual sick leave provided in Section 9-11-50(7)."

SECTION 3. This act takes effect July 1, 1999.

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