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H 5008 -	Bases the retirement allowance adjustment on the assumed rate of return

Tracking Level:

Of Interest

Sponsor:

James Lucas

Last Action:

2/25/2016 - House - Referred to Committee on Ways and Means

House Committee:

Assigned To:

Staff Analysis of the Legislation
04.12.2016 TheHouse Ways and Means General Government, Personnel and Benefits subcommittee adjourned debate on this bill. Summary of the bill as introduced: Bases the retirement allowance adjustment on the assumed rate of return and prohibits the adjustment from exceeding 2.5 percent.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text

Municipal Association of South Carolina
1411 Gervais St., PO Box 12109, Columbia, SC 29211
Phone: 803.799.9574, Fax: 803.933.1299, mail@masc.sc