Current StatusView additional legislative information at the LPITS web site.Bill Number: 594 Ratification Number: 138 Act Number 85 Introducing Body: Senate Subject: Relating to the requirements for service retirement under the South Carolina Retirement System
(A85, R138, S594)
AN ACT TO AMEND SECTION 9-1-1510, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE REQUIREMENTS FOR SERVICE RETIREMENT UNDER THE SOUTH CAROLINA RETIREMENT SYSTEM, SO AS TO PROVIDE THAT A MEMBER OF THE SYSTEM WHO IS AN ELECTED OFFICIAL WHOSE ANNUAL COMPENSATION IS LESS THAN THE EARNINGS LIMITATION BELOW WHICH A RETURN TO COVERED EMPLOYMENT DOES NOT AFFECT THE RECEIPT OF BENEFITS AND WHO IS OTHERWISE ELIGIBLE FOR SERVICE RETIREMENT MAY RETIRE WITHOUT A BREAK IN SERVICE.
Be it enacted by the General Assembly of the State of South Carolina:
Retirement allowed
SECTION 1. Section 9-1-1510 of the 1976 Code is amended by adding at the end:
"A member who is an elected official whose annual compensation is less than the earnings limitation pursuant to Section 9-1-1790 and who is otherwise eligible for service retirement may retire for purposes of this section without a break in service."
Time effective
SECTION 2. This act takes effect upon approval by the Governor.