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H 4918 - Increases the earnings amount for retirees returning to work under the SC Police Officers Retirement System

Tracking Level: Of Interest
Sponsor: Anne Thayer (R)
Last Action: 4/7/2022 - Senate - Referred to Committee on Finance
House Committee: WM
Senate Committee: Fin
Assigned To:
PoliceNext Bill
RetirementNext Bill

Staff Analysis of the Legislation

03.31.2022 The House Ways and Means Committee gave this bill a favorable report as amended by the subcommittee.
03.09.2022 The Ways and Means General Government subcommittee gave this bill a favorable report as amended. The amendment adds a 12-month required break in service before returning to work for an SC Retirement System employer and includes language for the Police Officers Retirement Systems that allows officers to return to work after retirement in a critical need law enforcement position.   
Summary of the bill as introduced: Increases the earnings amount for retirees returning to work under the SC Police Officers Retirement System from $10,000 to $50,000.

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Instructions


 
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Session 124 - (2021-2022)Printer Friendly
(pdf format)
H 4918 General Bill, By Thayer, Pope, White, Erickson, Gilliam, Long, Wooten, Atkinson, Magnuson, Haddon, T. Moore, Hyde, Allison, R. Williams, Jefferson, Yow, Forrest, B. Newton, W. Newton, Herbkersman and McGarry
Similar (S 0328, H 3032, H 3557, H 3595)
Summary: Retirement system, earning limitation upon return to work to covered employment in SCPORS
    A BILL TO AMEND SECTION 9-11-90, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE EARNINGS LIMITATION UPON RETURN TO COVERED EMPLOYMENT IN THE SOUTH CAROLINA POLICE OFFICERS RETIREMENT SYSTEM, SO AS TO INCREASE THE AMOUNT THAT MAY BE EARNED WITHOUT AFFECTING THE MONTHLY RETIREMENT ALLOWANCE FROM TEN THOUSAND DOLLARS TO FIFTY THOUSAND DOLLARS FOR CERTAIN RETIRED MEMBERS.
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02/03/22House Introduced and read first time (House Journal-page 13)
02/03/22House Referred to Committee on Ways and Means (House Journal-page 13)
02/08/22House Member(s) request name added as sponsor: Erickson
03/01/22House Member(s) request name added as sponsor: Gilliam
03/08/22House Member(s) request name added as sponsor: Long
03/31/22House Committee report: Favorable with amendment Ways and Means (House Journal-page 26)
04/05/22House Member(s) request name added as sponsor: Wooten, Atkinson, Magnuson, Haddon, T.Moore, Hyde, Allison
04/05/22House Requests for debate-Rep(s). Thigpen, Bamber, Gilliard, Henegan, McDaniel, Henderson-Myers, Jefferson, Ott, Kirby (House Journal-page 21)
04/06/22House Member(s) request name added as sponsor: R.Williams, Jefferson, Yow
04/06/22House Requests for debate removed-Rep(s). Ott,Kirby, Jefferson, Thigpen, Henegan, Gilliard, Hendreson-Myers, Bamberg, McDaniel (House Journal-page 69)
04/06/22House Member(s) request name added as sponsor: Forrest, B.Newton, W.Newton, W.Newton, Herbkersman, McGarry
04/06/22House Amended (House Journal-page 122)
04/06/22House Read second time (House Journal-page 122)
04/06/22House Roll call Yeas-109 Nays-0 (House Journal-page 124)
04/07/22House Read third time and sent to Senate
04/07/22Senate Introduced and read first time (Senate Journal-page 10)
04/07/22Senate Referred to Committee on Finance (Senate Journal-page 10)


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