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H 5260 -
Creates the Optional Shared-Risk Defined Benefit Plan
Tracking Level:
Of Interest
Sponsor:
Jeffrey Bradley
Last Action:
2/20/2020 - House - Member(s) request name added as sponsor: B.Cox, Morgan
House Committee:
WM
Assigned To:
Health Insurance
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Retirement
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Staff Analysis of the Legislation
Summary of the bill as introduced
: Creates a new retirement plan with requirements and benefits, a maximum 6% rate of return and 100% funding at inception.
Bill Summary from the State Site -
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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
