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S 0256 - Exempts certain participants in the state retirement system from the $10,000 earnings cap when they return to work

Tracking Level: Of Interest
Sponsor: Michael Fanning
Last Action: 1/8/2019 - Senate - Referred to Committee on Finance
Senate Committee: Fin
Assigned To:
RetirementNext Bill

Staff Analysis of the Legislation
Summary of the bill as introduced: Exempts retired certified educators and police officers from the $10,000 earnings limitation when they return to work with a covered employer.

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Session 123 - (2019-2020)Printer Friendly
(pdf format)
S 0256 General Bill, By Fanning and McLeod
Similar (H 3184, H 3185)
Summary: Retirement system; amount earned upon returning to employment
    A BILL TO AMEND SECTION 9-1-1790, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE AMOUNT OF COMPENSATION THAT MAY BE EARNED UPON RETURNING TO COVERED EMPLOYMENT UNDER THE SOUTH CAROLINA RETIREMENT SYSTEM, SO AS TO EXEMPT CERTIFIED EDUCATORS FROM THE EARNINGS LIMITATION; AND TO AMEND SECTION 9-11-90, RELATING TO THE AMOUNT OF COMPENSATION THAT MAY BE EARNED UPON RETURNING TO COVERED EMPLOYMENT UNDER THE POLICE OFFICERS RETIREMENT SYSTEM, SO AS TO DELETE THE EARNINGS LIMITATION.
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12/12/18Senate Prefiled
12/12/18Senate Referred to Committee on Finance
01/08/19Senate Introduced and read first time (Senate Journal-page 155)
01/08/19Senate Referred to Committee on Finance (Senate Journal-page 155)


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