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H 3557 -
Increases the earning cap for return-to-work retirees in the state retirement system
Tracking Level:
Of Interest
Sponsor:
Shedron Williams
Last Action:
3/9/2022 - House - Member(s) request name added as sponsor: Gilliam
House Committee:
WM
Assigned To:
Retirement
Next Bill
Staff Analysis of the Legislation
Summary of the bill as introduced
: Increases the earning cap for return-to-work retirees in the state retirement system from $10,000 to $65,000.
Bill Summary from the State Site -
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Session 124 - (2021-2022)
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(pdf format)
H 3557 General Bill, By
S. Williams
,
McGarry
and
Gilliam
Similar (
S 0328
,
H 3032
,
H 3595
,
H 4918
)
Summary:
Retirement system, earning limitations upon return to work to covered employment 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 INCREASE THE AMOUNT THAT MAY BE EARNED WITHOUT AFFECTING THE MONTHLY RETIREMENT ALLOWANCE FROM TEN THOUSAND DOLLARS TO SIXTY-FIVE THOUSAND DOLLARS.
View full text
12/16/20
House
Prefiled
12/16/20
House
Referred to Committee on Ways and Means
01/12/21
House
Introduced and read first time (
House Journal-page 237
)
01/12/21
House
Referred to Committee on Ways and Means (
House Journal-page 237
)
02/09/21
House
Member(s) request name added as sponsor: McGarry
03/09/22
House
Member(s) request name added as sponsor: Gilliam
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