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H 4677 - Increases the earnings limitation for individuals returning to work for covered employers in the SC Retirement System

Tracking Level: Of Interest
Sponsor: Joseph Jefferson (D)
Last Action: 1/14/2020 - House - Referred to Committee on Ways and Means
House Committee: WM
Assigned To:
RetirementNext Bill

Staff Analysis of the Legislation
Summary of the bill as introduced: Increases the earnings limitation for individuals returning to work for covered employers in the SC Retirement System from $10,000 to $20,000.

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Session 123 - (2019-2020)Printer Friendly
(pdf format)
H 4677 General Bill, By Jefferson, Robinson, Clyburn and Hosey
Similar (H 4676)
Summary: Retirement system
    A BILL TO AMEND SECTIONS 9-1-1790 AND 9-11-90, CODE OF LAWS OF SOUTH CAROLINA, 1976, 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 INCREASE THE AMOUNT THAT MAY BE EARNED WITHOUT AFFECTING THE MONTHLY RETIREMENT ALLOWANCE FROM TEN THOUSAND DOLLARS TO TWENTY THOUSAND DOLLARS.
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11/20/19House Prefiled
11/20/19House Referred to Committee on Ways and Means
01/14/20House Introduced and read first time (House Journal-page 65)
01/14/20House Referred to Committee on Ways and Means (House Journal-page 65)


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