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Session 121 - (2015-2016)Printer Friendly
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S 0035 Joint Resolution, By Bryant, Lourie, Bennett, Leatherman, Jackson, Bright, Campsen, Cleary and S. Martin
Summary: Amendment to the S.C. Constitution
    A JOINT RESOLUTION PROPOSING AN AMENDMENT TO SECTION 16, ARTICLE X OF THE CONSTITUTION OF SOUTH CAROLINA, 1895, RELATING TO BENEFITS AND FUNDING OF PUBLIC EMPLOYEE PENSION PLANS IN THIS STATE AND THE INVESTMENTS ALLOWED FOR FUNDS OF THE VARIOUS STATE-OPERATED RETIREMENT SYSTEMS, SO AS TO PROVIDE THAT THE FUNDS OF ANY TRUST FUND ESTABLISHED BY LAW FOR THE FUNDING OF POST-EMPLOYMENT BENEFITS FOR STATE EMPLOYEES AND PUBLIC SCHOOL TEACHERS MAY BE INVESTED AND REINVESTED IN EQUITY SECURITIES SUBJECT TO THE SAME LIMITATIONS ON SUCH INVESTMENTS APPLICABLE FOR THE FUNDS OF THE VARIOUS STATE-OPERATED RETIREMENT SYSTEMS AND TO PROVIDE THAT FUNDS OF A POLITICAL SUBDIVISION OF THIS STATE SET ASIDE FOR THE FUNDING OF POST-EMPLOYMENT BENEFITS OF EMPLOYEES OF THE POLITICAL SUBDIVISION, INCLUDING FUNDS INVESTED IN AN INDEPENDENT TRUST ESTABLISHED FOR THAT PURPOSE, MAY BE SIMILARLY INVESTED.
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12/03/14Senate Prefiled
12/03/14Senate Referred to Committee on Finance
01/13/15Senate Introduced and read first time (Senate Journal-page 51)
01/13/15Senate Referred to Committee on Finance (Senate Journal-page 51)
01/22/15Senate Committee report: Favorable Finance (Senate Journal-page 4)
01/23/15 Scrivener's error corrected
01/28/15Senate Read second time (Senate Journal-page 28)
01/28/15Senate Roll call Ayes-41 Nays-0 (Senate Journal-page 28)
01/29/15Senate Read third time and sent to House (Senate Journal-page 9)



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