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S 0134 -	Closes the defined benefit state retirement plan to new employees immediately after full funding

Tracking Level:

Of Interest

Sponsor:

Thomas Davis (R)

Last Action:

1/8/2019 - Senate - Referred to Committee on Finance

Senate Committee:

Fin

Assigned To:

Staff Analysis of the Legislation
Summary of the bill as introduced: Closes the defined benefit state retirement plan to new employees immediately following an actuarial determination that the system is fully funded. This bill also establishes a joint legislative committee to review the annual actuarial valuation.

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

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