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H 3595 -
Allows a member of the SC Retirement System to return to work without a cap on earnings
Tracking Level:
Of Interest
Sponsor:
Merita Allison
Last Action:
1/12/2021 - House - Referred to Committee on Ways and Means
House Committee:
WM
Assigned To:
Retirement
Next Bill
Staff Analysis of the Legislation
Summary of the bill as introduced
: Allows a member of the SC Retirement System to return to work without a cap on earnings and without affecting the member's monthly retirement allowance.
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Session 124 - (2021-2022)
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H 3595 General Bill, By
Allison
Similar (
S 0328
,
H 3032
,
H 3557
,
H 4918
)
Summary:
Retirement system, earning limitations upon return to work in SCRS and SCPORS
A BILL TO AMEND SECTIONS 9-1-1790 AND 9-11-90, CODE OF LAWS OF SOUTH CAROLINA, 1976, BOTH RELATING TO THE EARNINGS LIMITATION UPON RETURN TO COVERED EMPLOYMENT IN THE SOUTH CAROLINA RETIREMENT SYSTEM AND THE SOUTH CAROLINA POLICE OFFICERS RETIREMENT SYSTEM RESPECTIVELY, SO AS TO PROVIDE THAT A MEMBER MAY RETURN TO EMPLOYMENT WITHOUT REGARD TO EARNINGS, WITHOUT AFFECTING THE MONTHLY RETIREMENT ALLOWANCE THE MEMBER IS RECEIVING FROM THE SYSTEM IF THE MEMBER HAS NOT BEEN ENGAGED TO PERFORM SERVICES FOR A PARTICIPATING EMPLOYER IN ANY SYSTEM PROVIDED FOR BY LAW FOR COMPENSATION IN ANY CAPACITY FOR A PERIOD OF AT LEAST TWELVE CONSECUTIVE MONTHS SUBSEQUENT TO RETIREMENT.
View full text
01/12/21
House
Introduced and read first time (
House Journal-page 252
)
01/12/21
House
Referred to Committee on Ways and Means (
House Journal-page 252
)
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