Scroll to History Page
Scroll to Previous Versions Links List
Scroll to Full Text
Download This Bill in Microsoft Word format

Bill 4980

                    Current Status

Bill Number:                      4980
Type of Legislation:              General Bill GB
Introducing Body:                 House
Introduced Date:                  20020326
Primary Sponsor:                  Kelley
All Sponsors:                     Kelley
Drafted Document Number:          l:\council\bills\bbm\10966htc02.doc
Residing Body:                    House
Current Committee:                Ways and Means Committee 30 HWM
Subject:                          S.C. Retirement System member, decision 
                                  to hire retired member is at sole discretion 
                                  of covered employer


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
House   20020326  Introduced, read first time,           30 HWM
                  referred to Committee


              Versions of This Bill

TO AMEND SECTION 9-1-1790, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE EARNINGS LIMITATION APPLICABLE TO MEMBERS OF THE SOUTH CAROLINA RETIREMENT SYSTEM WHEN THEY ARE HIRED BY A COVERED EMPLOYER UNDER THAT SYSTEM, SO AS TO CLARIFY THAT THE DECISION TO HIRE A RETIRED MEMBER OF THE SOUTH CAROLINA RETIREMENT SYSTEM IS AT THE SOLE DISCRETION OF THE COVERED EMPLOYER.

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

SECTION    1.    Section 9-1-1790(A) of the 1976 Code, as last amended by Act 25 of 2001, is further amended to read:

    "(A)    A retired member of the system who has been retired for at least sixty days may return to employment covered by the system and earn up to fifty thousand dollars a fiscal year without affecting the monthly retirement allowance he is receiving from the system. If the retired member continues in service after having earned fifty thousand dollars in a fiscal year, his retirement allowance must be discontinued during his period of service in the remainder of the fiscal year. If the employment continues for at least forty-eight consecutive months, the provisions of Section 9-1-1590 apply. The hiring of a retired member of the system is at the sole discretion of the employer. If a retired member of the system returns to employment covered by the system sooner than sixty days after retirement, the member's retirement allowance is suspended while the member remains employed by the participating employer. If an employer fails to notify the system of the engagement of a retired member to perform services, the employer shall reimburse the system for all benefits wrongly paid to the retired member."

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

This web page was last updated on Tuesday, December 8, 2009 at 11:38 A.M.