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Indicates New Matter
Sponsors: Reps. Hutto and Stavrinakis
Document Path: l:\council\bills\bbm\9605htc10.docx
Companion/Similar bill(s): 3368
Introduced in the House on March 2, 2010
Currently residing in the House Committee on Ways and Means
Summary: Retirement system
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 3/2/2010 House Introduced and read first time HJ-34 3/2/2010 House Referred to Committee on Ways and Means HJ-34
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO AMEND SECTION 9-8-60, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO RETIREMENT AND RETIREMENT BENEFITS FOR MEMBERS OF THE RETIREMENT SYSTEM FOR JUDGES AND SOLICITORS, SO AS TO DELETE THE PROHIBITION OF A RETIREE UNDER THAT SYSTEM FROM RECEIVING RETIREMENT BENEFITS WHILE IN EMPLOYMENT COVERED BY THE SOUTH CAROLINA RETIREMENT SYSTEM (SCRS) OR THE SOUTH CAROLINA POLICE OFFICERS RETIREMENT SYSTEM (SCPORS) AND PROVIDE THAT EMPLOYER AND EMPLOYEE CONTRIBUTIONS MUST BE PAID WITH RESPECT TO SUCH EMPLOYMENT BUT THE RETIREE ACCRUES NO SERVICE CREDIT ON ACCOUNT OF SUCH CONTRIBUTIONS; AND TO REPEAL SECTION 9-8-65 RELATING TO SCRS AND SCPORS COVERED EMPLOYMENT BY A RETIREE OF THE RETIREMENT SYSTEM FOR JUDGES AND SOLICITORS MADE OBSOLETE BY THE AMENDMENT TO SECTION 9-8-60 MADE IN THIS ACT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The first undesignated paragraph of Section 9-8-60(1) of the 1976 Code, as last amended by Act 108 of 2007, is further amended to read:
"A person is
not eligible to receive a retirement allowance under this system while under employment covered by the South Carolina Retirement System (SCRS) and the South Carolina Police Officers Retirement System (SCPORS) except as provided in Section 9-8-65. The retiree shall pay to SCRS or SCPORS, as applicable, the employee contribution as if the employee were an active contributing member. The employer shall pay the employer contribution for active members prescribed by law with respect to the retiree. The retiree does not accrue service credit in SCRS or SCPORS by reason of the contributions required pursuant to this paragraph."
SECTION 2. Section 9-8-65 of the 1976 Code is repealed.
SECTION 3. This act takes effect upon approval by the Governor.
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