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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 InsuranceNext Bill
RetirementNext Bill

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 - Click for the State Summary Page / Click for Current Full Text

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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,