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H 3557 - Increases the earning cap for return-to-work retirees in the state retirement system

Tracking Level: Of Interest
Sponsor: Shedron Williams
Last Action: 3/9/2022 - House - Member(s) request name added as sponsor: Gilliam
House Committee: WM
Assigned To:
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Staff Analysis of the Legislation

Summary of the bill as introduced: Increases the earning cap for return-to-work retirees in the state retirement system from $10,000 to $65,000.

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Session 124 - (2021-2022)Printer Friendly
(pdf format)
H 3557 General Bill, By S. Williams, McGarry and Gilliam
Similar (S 0328, H 3032, H 3595, H 4918)
Summary: Retirement system, earning limitations upon return to work to covered employment in SCRS and SCPORS
    A BILL TO AMEND SECTIONS 9-1-1790 AND 9-11-90, CODE OF LAWS OF SOUTH CAROLINA, 1976, BOTH RELATING TO THE EARNINGS LIMITATION UPON RETURN TO COVERED EMPLOYMENT IN THE SOUTH CAROLINA RETIREMENT SYSTEM AND THE SOUTH CAROLINA POLICE OFFICERS RETIREMENT SYSTEM RESPECTIVELY, SO AS TO INCREASE THE AMOUNT THAT MAY BE EARNED WITHOUT AFFECTING THE MONTHLY RETIREMENT ALLOWANCE FROM TEN THOUSAND DOLLARS TO SIXTY-FIVE THOUSAND DOLLARS.
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12/16/20House Prefiled
12/16/20House Referred to Committee on Ways and Means
01/12/21House Introduced and read first time (House Journal-page 237)
01/12/21House Referred to Committee on Ways and Means (House Journal-page 237)
02/09/21House Member(s) request name added as sponsor: McGarry
03/09/22House Member(s) request name added as sponsor: Gilliam



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