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S 0522 - Allows an employer to choose to pay all or a portion of required employee contributions to the SCRS or PORS during a fiscal year

Tracking Level: Of Interest
Sponsor: Ross Turner (R)
Last Action: 2/14/2019 - Senate - Referred to Committee on Finance
Senate Committee: Fin
Assigned To:
RetirementNext Bill

Staff Analysis of the Legislation
Summary of the bill as introduced: Allows an employer to choose to pay all or a portion of required employee contributions to the SCRS or PORS during a fiscal year.

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Session 123 - (2019-2020)Printer Friendly
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S 0522 General Bill, By Turner
Summary: Employer and employee contribution rates
    A BILL TO AMEND SECTIONS 9-1-1085 AND 9-11-225, CODE OF LAWS OF SOUTH CAROLINA, 1976, BOTH RELATING TO EMPLOYER AND EMPLOYEE CONTRIBUTION RATES UNDER THE SOUTH CAROLINA RETIREMENT SYSTEM AND THE POLICE OFFICERS RETIREMENT SYSTEM RESPECTIVELY, SO AS TO PROVIDE THAT AN EMPLOYER, UP TO CERTAIN LIMITS, MAY ELECT TO PAY ALL OR A PORTION OF REQUIRED EMPLOYEE CONTRIBUTIONS DURING A FISCAL YEAR.
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02/14/19Senate Introduced and read first time (Senate Journal-page 4)
02/14/19Senate Referred to Committee on Finance (Senate Journal-page 4)


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