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H 3595 - Allows a member of the SC Retirement System to return to work without a cap on earnings

Tracking Level: Of Interest
Sponsor: Merita Allison (R)
Last Action: 1/12/2021 - House - Referred to Committee on Ways and Means
House Committee: WM
Assigned To:
RetirementNext Bill

Staff Analysis of the Legislation

Summary of the bill as introduced: Allows a member of the SC Retirement System to return to work without a cap on earnings and without affecting the member's monthly retirement allowance.

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Session 124 - (2021-2022)Printer Friendly
(pdf format)
H 3595 General Bill, By Allison
Similar (S 0328, H 3032, H 3557)
Summary: Retirement system, earning limitations upon return to work 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 PROVIDE THAT A MEMBER MAY RETURN TO EMPLOYMENT WITHOUT REGARD TO EARNINGS, WITHOUT AFFECTING THE MONTHLY RETIREMENT ALLOWANCE THE MEMBER IS RECEIVING FROM THE SYSTEM IF THE MEMBER HAS NOT BEEN ENGAGED TO PERFORM SERVICES FOR A PARTICIPATING EMPLOYER IN ANY SYSTEM PROVIDED FOR BY LAW FOR COMPENSATION IN ANY CAPACITY FOR A PERIOD OF AT LEAST TWELVE CONSECUTIVE MONTHS SUBSEQUENT TO RETIREMENT.
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01/12/21House Introduced and read first time (House Journal-page 252)
01/12/21House Referred to Committee on Ways and Means (House Journal-page 252)



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