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Bill 1188

                    Current Status

Bill Number:                      1188
Type of Legislation:              General Bill GB
Introducing Body:                 Senate
Introduced Date:                  20020404
Primary Sponsor:                  Rankin
All Sponsors:                     Rankin and Elliott
Drafted Document Number:          l:\council\bills\nbd\11489ac02.doc
Residing Body:                    Senate
Current Committee:                Finance Committee 06 SF
Subject:                          S.C. Retirement System, decision to hire 
                                  retired member is at sole discretion of 
                                  covered employer


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
Senate  20020404  Introduced, read first time,           06 SF
                  referred to Committee


              Versions of This Bill

TO AMEND SECTION 9-1-1790, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE MAXIMUM ANNUAL SALARY THAT MAY BE EARNED BY A RETIRED STATE EMPLOYEE RETURNING TO STATE EMPLOYMENT, SO AS TO PROVIDE THAT SUBSEQUENT HIRING OF A RETIREE OF THE STATE RETIREMENT SYSTEM IS AT THE SOLE DISCRETION OF THE EMPLOYER.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION 1. Section 9-1-1790(A) of the 1976 Code, as last amended by Act 25 of 2001, is further amended to read:

"(A) A retired member of the system who has been retired for at least sixty days may return to employment covered by the system and earn up to fifty thousand dollars a fiscal year without affecting the monthly retirement allowance he is receiving from the system. Subsequent hiring of a retired member of the system is at the sole discretion of the employer. If the retired member continues in service after having earned fifty thousand dollars in a fiscal year, his retirement allowance must be discontinued during his period of service in the remainder of the fiscal year. If the employment continues for at least forty-eight consecutive months, the provisions of Section 9-1-1590 apply. If a retired member of the system returns to employment covered by the system sooner than sixty days after retirement, the member's retirement allowance is suspended while the member remains employed by the participating employer. If an employer fails to notify the system of the engagement of a retired member to perform services, the employer shall reimburse the system for all benefits wrongly paid to the retired member."

SECTION 2. This act takes effect upon approval by the Governor.

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