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S 0234 - Allows an employer to elect to pay all or a portion of required employee contributions to the SC Retirement System or Police Officers Retirement System

Tracking Level: Of Interest
Sponsor: Ross Turner (R)
Last Action: 1/12/2021 - Senate - Referred to Committee on Finance
Senate Committee: Fin
Assigned To:
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Staff Analysis of the Legislation

Summary of the bill as introduced: Allows an employer to elect to pay all or a portion of required employee contributions to the SC Retirement System or Police Officers Retirement System, with certain limits.

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Session 124 - (2021-2022)Printer Friendly
(pdf format)
S 0234 General Bill, By Turner
Similar (S 0616, H 3106)
Summary: Employer and employee contribution rates under SCRS and PORS
    A BILL TO AMEND SECTIONS 9-1-1085 AND 9-11-225 OF THE 1976 CODE, RELATING TO EMPLOYER AND EMPLOYEE CONTRIBUTION RATES UNDER THE SOUTH CAROLINA RETIREMENT SYSTEM AND THE POLICE OFFICERS RETIREMENT SYSTEM RESPECTIVELY, TO PROVIDE THAT AN EMPLOYER, UP TO CERTAIN LIMITS, MAY ELECT TO PAY ALL OR A PORTION OF REQUIRED EMPLOYEE CONTRIBUTIONS DURING A FISCAL YEAR.
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12/09/20Senate Prefiled
12/09/20Senate Referred to Committee on Finance
01/12/21Senate Introduced and read first time (Senate Journal-page 229)
01/12/21Senate Referred to Committee on Finance (Senate Journal-page 229)



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