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4643Type of Legislation: General Bill GBIntroducing Body: HouseIntroduced Date: 20000216Primary Sponsor: J. SmithAll Sponsors: J. Smith and LourieDrafted Document Number: l:\council\bills\kgh\15171htc99.docResiding Body: HouseCurrent Committee: Ways and Means Committee 30 HWMSubject: Retirement System, S.C.; Pensions, Early retirement with twenty-five years service and age fifty or olderHistory Body Date Action Description Com Leg Involved ______ ________ ______________________________________ _______ ____________ House 20000216 Introduced, read first time, 30 HWM referred to Committee Versions of This Bill
TO AMEND SECTION 9-1-1515, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO EARLY SERVICE RETIREMENT ALLOWED MEMBERS OF THE SOUTH CAROLINA RETIREMENT SYSTEM WHO HAVE ATTAINED AGE FIFTY-FIVE AND WHO HAVE AT LEAST TWENTY-FIVE YEARS OF CREDITABLE SERVICE, SO AS TO REDUCE THE MINIMUM AGE REQUIREMENT FOR THIS EARLY RETIREMENT TO FIFTY YEARS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 9-1-1515(A) of the 1976 Code, as added by Act 559 of 1990, is amended to read:
"(A) In addition to other types of retirement provided by this chapter, a member who has attained the age of
fifty-five fifty years and who has at least twenty-five years of creditable service may elect early retirement. A member electing early retirement shall apply in the manner provided in Section 9-1-1510."
SECTION 2. This act takes effect upon approval by the Governor.
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