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H 3620 - Removes the state retirement systems' $10,000 earnings limitation on return-to-work retirees who retired before January 2, 2019

Tracking Level: Of Interest
Sponsor: Thomas Pope (R)
Last Action: 4/3/2019 - Scrivener's error corrected
House Committee: WM
Senate Committee: Fin
Assigned To:
RetirementNext Bill
Week of 01.14.2019Next Bill
Week of 03.25.2019Next Bill
Week of 04.08.2019Next Bill
Week of 04.29.2019Next Bill

Staff Analysis of the Legislation

05.02.2019 The Senate Finance Retirement Systems subcommittee gave this bill a favorable report as amended. The amendment extends the break in service requirement from one year to two years before returning to work without an earnings cap.
04.10.2019 The Senate Finance Retirement Systems subcommittee carried this bill over.
03.26.2019 The House Ways and Means Committee gave this bill a favorable report as amended by the subcommittee.
03.26.2019 The House Ways and Means General Government subcommittee gave this bill a favorable report as amended. The amendment strikes the current language in the bill and adds a required 12-month break in service before returning to work with the earnings cap. The amendment also gives PEBA the authority to review return-to-work retirees for fraud.
Summary of the bill as introduced: Removes the state retirement systems' $10,000 earnings limitation on employees returning to covered employment who retired before January 2, 2019.

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Session 123 - (2019-2020)Printer Friendly
(pdf format)
H 3620 General Bill, By Pope, Tallon, Bryant, Bailey, Johnson, Forrest, Clary, Caskey, B. Cox, Elliott, Gilliam, Wooten, Davis, Taylor, Cobb-Hunter, Rivers, R. Williams, Jefferson and Weeks
Similar (H 4249)
Summary: Retirement benefits after returning to covered employment
    A BILL TO AMEND SECTIONS 9-1-1790 AND 9-11-90, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO RETIREMENT BENEFITS AFTER RETURNING TO COVERED EMPLOYMENT UNDER THE SOUTH CAROLINA RETIREMENT SYSTEM AND THE POLICE OFFICERS RETIREMENT SYSTEM, RESPECTIVELY, SO AS TO REMOVE THE TEN THOUSAND DOLLAR EARNINGS LIMITATION ON EMPLOYEES RETURNING TO EMPLOYMENT WHO RETIRED BEFORE JANUARY 2, 2019.
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01/16/19House Introduced and read first time (House Journal-page 23)
01/16/19House Referred to Committee on Ways and Means (House Journal-page 23)
01/24/19House Member(s) request name added as sponsor: Davis
03/26/19House Member(s) request name added as sponsor: Taylor, Cobb-Hunter
03/27/19House Committee report: Favorable with amendment Ways and Means (House Journal-page 35)
04/02/19House Member(s) request name added as sponsor: Rivers, R.Williams, Jefferson, Weeks
04/02/19House Amended (House Journal-page 46)
04/02/19House Read second time (House Journal-page 46)
04/02/19House Roll call Yeas-110 Nays-0 (House Journal-page 50)
04/03/19House Read third time and sent to Senate (House Journal-page 22)
04/03/19Senate Introduced and read first time (Senate Journal-page 9)
04/03/19Senate Referred to Committee on Finance (Senate Journal-page 9)
04/03/19 Scrivener's error corrected



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