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S. 616
STATUS INFORMATION
General Bill
Sponsors: Senators Knotts, Ford and Campbell
Document Path: l:\council\bills\bbm\9272htc09.docx
Companion/Similar bill(s): 3734
Introduced in the Senate on March 25, 2009
Currently residing in the Senate Committee on Finance
Summary: SC Retirement System
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 3/25/2009 Senate Introduced and read first time SJ-4 3/25/2009 Senate Referred to Committee on Finance SJ-4
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO AMEND SECTION 9-11-25, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE OPTION ALLOWED PROBATE JUDGES TO PARTICIPATE IN THE SOUTH CAROLINA POLICE OFFICERS RETIREMENT SYSTEM (SCPORS), SO AS TO EXTEND THIS OPTION TO ASSISTANT SOLICITORS EMPLOYED BEFORE JULY 1, 2010, AND TO REQUIRE ALL ASSISTANT SOLICITORS HIRED AFTER JUNE 30, 2010, TO PARTICIPATE IN SCPORS, TO REQUIRE THAT EMPLOYER CONTRIBUTIONS FOR ASSISTANT SOLICITORS PARTICIPATING IN SCPORS IN EXCESS OF THE EMPLOYER CONTRIBUTIONS THAT ARE REQUIRED FOR THEIR PARTICIPATION IN THE SOUTH CAROLINA RETIREMENT SYSTEM MUST BE PAID FROM STATE FUNDS APPROPRIATED FOR THE OPERATIONS OF THE OFFICE IN WHICH THE ASSISTANT SOLICITOR SERVES, AND TO CLARIFY A REFERENCE.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 9-11-25 of the 1976 Code, as last amended by Act 336 of 1992, is further amended to read:
"Section 9-11-25. (A) Probate judges may elect to participate in the South Carolina Police Officers Retirement System or they may elect to remain under regular state retirement the South Carolina Retirement System.
(B)(1) Active contributing members of the South Carolina Retirement System employed before July 1, 2010, as assistant solicitors irrevocably may elect to participate in the South Carolina Police Officers Retirement System.
(2) Persons hired as assistant solicitors after June 30, 2010, shall participate in the South Carolina Police Officers Retirement System.
(3) If the South Carolina Police Officers Retirement System employer contributions exceed South Carolina Retirement System employer contributions for assistant solicitors, the difference must be paid from state funds appropriated for the operations of the office of the solicitor in which the member serves."
SECTION 2. This act takes effect upon approval by the Governor.
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