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H 3984 - Allows an employer to choose to pay all or a portion of required employee contributions to SCRS or PORS during a fiscal year

Tracking Level: Of Interest
Sponsor: Bruce Bannister (R)
Last Action: 5/9/2019 - Senate - Referred to Committee on Finance
House Committee: WM
Senate Committee: Fin
Assigned To:
RetirementNext Bill

Staff Analysis of the Legislation

04.30.2019 The House Ways and Means Committee gave this bill a favorable report.
04.24.2019 The House Ways and Means General Government subcommittee gave this bill a favorable report.
Summary of the bill as introduced: Allows an employer to choose to pay all or a portion of required employee contributions to the South Carolina Retirement System or Police Officers Retirement System during a fiscal year.

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Session 123 - (2019-2020)Printer Friendly
(pdf format)
H 3984 General Bill, By Bannister and Elliott
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.
View full text          View Vote History          View Fiscal Impact
02/14/19House Introduced and read first time (House Journal-page 34)
02/14/19House Referred to Committee on Ways and Means (House Journal-page 34)
05/02/19House Committee report: Favorable Ways and Means (House Journal-page 11)
05/08/19House Read second time (House Journal-page 148)
05/08/19House Roll call Yeas-66 Nays-29 (House Journal-page 148)
05/09/19House Read third time and sent to Senate (House Journal-page 9)
05/09/19Senate Introduced and read first time (Senate Journal-page 5)
05/09/19Senate Referred to Committee on Finance (Senate Journal-page 5)



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