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H 4870 - Requires employers to pay the same employer contribution for an employee retired under the South Carolina Retirement System or Police Officers Retirement System as they do for active contributing members

Tracking Level: Of Interest
Sponsor: Thomas Pope (R)
Last Action: 2/16/2022 - House - Member(s) request name added as sponsor: Thayer, White
House Committee: WM
Assigned To:
RetirementNext Bill

Staff Analysis of the Legislation
Summary of the bill as introduced: Requires employers to pay the same employer contribution for an employee retired under SCRS or PORS as they do for active contributing members.

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Session 124 - (2021-2022)Printer Friendly
(pdf format)
H 4870 General Bill, By Pope, Simrill, Thayer and White
Similar (H 3134, H 4921, H 4922)
Summary: SCRS and PORS
    A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTIONS 9-1-1220 AND 9-11-240 SO AS TO PROVIDE THAT IF A PARTICIPATING EMPLOYER IN THE SOUTH CAROLINA RETIREMENT SYSTEM OR THE POLICE OFFICERS RETIREMENT SYSTEM, RESPECTIVELY, ENGAGES A CERTAIN MEMBER OF THE SYSTEM TO PERFORM SERVICES, THEN THE PARTICIPANT EMPLOYER SHALL PAY TO THE SYSTEM THE EMPLOYER CONTRIBUTION THAT WOULD BE REQUIRED IF THE MEMBER RECEIVED THE COMPENSATION AS AN ACTIVE CONTRIBUTING MEMBER OF THE SYSTEM.
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01/26/22House Introduced and read first time (House Journal-page 33)
01/26/22House Referred to Committee on Ways and Means (House Journal-page 33)
02/16/22House Member(s) request name added as sponsor: Thayer, White


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