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H 3106 - Allows an employer to elect to pay all or a portion of required employee contributions to the SC Retirement System

Tracking Level: Of Interest
Sponsor: Bruce Bannister (R)
Last Action: 2/2/2021 - House - Member(s) request name added as sponsor: Willis
House Committee: WM
Assigned To:
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Staff Analysis of the Legislation

02.25.2021 The House Ways and Means General Government subcommittee gave this bill a favorable report.
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 and the Police Officers Retirement System.

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Session 124 - (2021-2022)Printer Friendly
(pdf format)
H 3106 General Bill, By Bannister, G.R. Smith, Dillard, Elliott, Hosey and Willis
Similar (S 0234, S 0616)
Summary: Employer and employee contribution rates under SCRS and PORS
    A BILL TO AMEND SECTIONS 9-1-1085 AND 9-11-225, CODE OF LAWS OF SOUTH CAROLINA, 1976, BOTH RELATING TO EMPLOYER AND EMPLOYEE CONTRIBUTION RATES UNDER THE SOUTH CAROLINA RETIREMENT SYSTEM AND THE POLICE OFFICERS RETIREMENT SYSTEM RESPECTIVELY, SO AS 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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12/09/20House Prefiled
12/09/20House Referred to Committee on Ways and Means
01/12/21House Introduced and read first time (House Journal-page 75)
01/12/21House Referred to Committee on Ways and Means (House Journal-page 75)
02/02/21House Member(s) request name added as sponsor: Willis



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