Bills Assigned to Keyword - Retirement (9)

Date of Last Recorded Action: 2/28/2024


H 3427 Requires certain elected officials to forfeit retirement benefitsSummary of the bill as introduced: Requires any public official that is convicted of certain crimes prior to taking office to forfeit retirement benefits while in office.
Sponsor: Nathan Ballentine House Com: Senate Com:
Status: House - Referred to Committee on Judiciary Status Date: 1/27/2015
Keywords: Ethics Retirement
Of Interest
H 3428 Requires public officials to forfeit retirement benefits if convicted of crimes in officeSummary of the bill as introduced: Requires public officials to forfeit retirement benefits if convicted of crimes that occured while in office.
Sponsor: Nathan Ballentine House Com: Senate Com:
Status: House - Referred to Committee on Judiciary Status Date: 1/27/2015
Keywords: Ethics Retirement
Of Interest
H 4713 Closes the current SC Retirement System and creates the SC Retirement Investment PlanSummary of the bill as introduced: Closes the SC Retirement System for employees or officers taking office after June 30, 2017 and requires those employees or officers to enroll in the SC Retirement Investment Plan.
Sponsor: Nathan Ballentine House Com: Senate Com:
Status: House - Referred to Committee on Ways and Means Status Date: 1/21/2016
Keywords: Retirement Week of 01.18.2016
Of Interest
H 5007 Reduces the amortization schedule for retirement system funds from 30 years to 20 years04.19.2016 The House Ways and MeansCommittee gave this bill a favorable report as amended by the subcommittee.04.12.2016 The House Ways and Means General Government, Personnel and Benefits subcommittee gave this bill a favorable report as amended. The amendment deletes the language regarding the 20 year amortization schedule.Summary of the bill as introduced: Reduces the amortization schedule for retirement system funds from 30 years to 20 years and provides the assumed rate of return expires every four years unless action is taken by the General Assembly.
Sponsor: James Lucas House Com: Senate Com:
Status: Senate - Referred to Committee on Finance Status Date: 4/28/2016
Keywords: Retirement Week of 02.22.2016 Week of 04.11.2016
Of Interest
H 5008 Bases the retirement allowance adjustment on the assumed rate of return 04.12.2016 TheHouse Ways and Means General Government, Personnel and Benefits subcommittee adjourned debate on this bill.Summary of the bill as introduced: Bases the retirement allowance adjustment on the assumed rate of return and prohibits the adjustment from exceeding 2.5 percent.
Sponsor: James Lucas House Com: Senate Com:
Status: House - Referred to Committee on Ways and Means Status Date: 2/25/2016
Keywords: Retirement Week of 02.22.2016 Week of 04.11.2016
Of Interest
S 0206 Directs PEBA to implement a longevity pay plan for state employeesSummary of the bill as introduced: Directs the SC Public Benefit Authority to design, implement and maintain a longevity pay plan for state employees.
Sponsor: Vincent Sheheen House Com: Senate Com:
Status: Senate - Referred to Committee on Finance Status Date: 1/13/2015
Keywords: Retirement
Of Interest
S 0335 Allows employees terminated within one year of retirement to buy the remaining timeSummary of the bill as introduced: Allows any public employee terminated within one year of full retirement five days after termination to buy the remaining time.
Sponsor: Katrina Shealy House Com: Senate Com:
Status: Senate - Referred to Committee on Finance Status Date: 1/13/2015
Keywords: Retirement
Of Interest
S 0527 Makes changes to the state retirement system04.14.2015 The Senate Finance Committee gave this bill a favorable report.03.19.2015 A Senate Finance Special State Retirement Funds Investment Review subcommittee gave this bill a favorable report with an amendment. As soon as the amendment is written by Senate staff, it will be posted here.Summary of the bill as introduced: Makes technical changes to Public Employee Benefit Authority and the South Carolina Retirement System Investment Commission as recommended by an audit report.
Sponsor: Joel Lourie House Com: Senate Com:
Status: Senate - Referred to Committee on Finance Status Date: 3/10/2015
Keywords: Employment/Personnel Retirement
Of Interest
S 0675 Makes changes to the state retirement systemSummary of the bill as introduced: Replaces the State Budget and Control Board as a trustee in the state retirement system with the Retirement Investment Commission. The bill also requires PEBA to hold the assets of the retirement system in a group trust.
Sponsor: Finance House Com: Senate Com:
Status: House - Referred to Committee on Ways and Means Status Date: 5/5/2015
Keywords: Retirement
Of Interest







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