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TO SUSPEND SECTION 1-11-705(I)(2) OF THE CODE OF LAWS OF SOUTH CAROLINA, 1976 FOR FISCAL YEAR 2020-2021 RELATING TO A TRANSFER OF FUNDS TO THE SOUTH CAROLINA RETIREE HEALTH INSURANCE TRUST FUND.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. (A) The General Assembly hereby finds and declares that in light of the uncertainty regarding the expenses that may be incurred by the State's employee health insurance program as a result of the public health emergency associated with the 2019 Novel Coronavirus (COVID-19), the provisions of Section 1-11-705(I)(2) of the 1976 Code are suspended for Fiscal Year 2020-2021.
(B) Notwithstanding any other provision of law, during Fiscal Year 2020-2021, funds that would otherwise have been transferred to the South Carolina Retiree Health Insurance Trust Fund from the operating account for the State's employee health insurance program pursuant to Section 1-11-705(I)(2) may remain in the operating account for the State's employee health insurance program.
(C) Upon the effective date of this joint resolution, if the operating account for the State's employee health insurance program has already made the transfer that subsection (A) suspends, then, within ten days, the South Carolina Retiree Health Insurance Trust Fund must reimburse the operating account for the amount of the transfer.
SECTION 2. This joint resolution takes effect upon approval by the Governor.
This web page was last updated on December 16, 2020 at 3:40 PM