Current Status Bill Number:4510 Type of Legislation:General Bill GB Introducing Body:House Introduced Date:19960130 Primary Sponsor:Townsend All Sponsors:Townsend Drafted Document Number:pfm\7865htc.96 Residing Body:House Current Committee:Ways and Means Committee 30 HWM Subject:State insurance plan, former legislators
Body Date Action Description Com Leg Involved
______ ________ _______________________________________ _______ ____________
House 19960130 Introduced, read first time, 30 HWM
referred to Committee
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TO AMEND SECTION 1-11-730, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PERSONS ELIGIBLE TO PARTICIPATE IN THE STATE INSURANCE PLANS, SO AS TO AUTHORIZE PARTICIPATION BY A FORMER MEMBER OF THE GENERAL ASSEMBLY WITH AT LEAST EIGHT YEARS CREDITED SERVICE IN THE GENERAL ASSEMBLY RETIREMENT SYSTEM UPON PAYMENT OF THE CONTRIBUTION REQUIRED OF CURRENT EMPLOYEES RATHER THAN THE FULL PREMIUM COST.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 1-11-730(B) of the 1976 Code, as added by Act 364 of 1992, is amended to read:
"(B) A member of the General Assembly who leaves office or retires with at least eight years credited service in the General Assembly Retirement System is eligible to participate in the plans by paying the full current employee share of premium costs as determined by the State Budget and Control Board."
SECTION 2. This act takes effect on the first day of the second month following approval by the Governor.