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H 4898 - Makes changes to the state retirement system

Tracking Level: Of Interest
Sponsor: Merrill
Last Action: 3/1/2012 - Member(s) request name added as sponsor: G.R.Smith
House Committee:
Assigned To:
RetirementNext Bill
Staff: Melissa Carter (mcarter@masc.sc)

Staff Analysis of the Legislation

03.06.12 The House Ways and Means committee gave this bill a favorable report with amendments. The amendments state the employer contribution rate in the bill and phases in the employee 1 percent contribution over two years for current employees only.
Summary of the bill as introduced: Makes changes to the current state retirement system.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text









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