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S 1251 - Allows for the same investment for post employment benefits

Tracking Level: Of Interest
Sponsor: Kevin L. Bryant
Last Action: 6/3/2014 - House - Referred to Committee on Ways and Means
Senate Committee:
Assigned To:
Employment/PersonnelNext Bill
RetirementNext Bill

Staff Analysis of the Legislation

05.27.2014 The Senate Finance committee gave this bill a favorable report.
Summary of the bill as introduced: Allows for the funds of any trust fund established by law for the funding of post employment benefits for state employees, local governments and public school teachers to be invested and reinvested in equity securities subject to the same limitations as the state retirement system.

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

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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