Download This Bill in Microsoft Word format
Indicates Matter Stricken
Indicates New Matter
S. 763
STATUS INFORMATION
General Bill
Sponsors: Senator McConnell
Document Path: l:\council\bills\bbm\10058htc07.doc
Introduced in the Senate on May 16, 2007
Currently residing in the Senate Committee on Finance
Summary: Judges and solicitors
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 5/16/2007 Senate Introduced and read first time SJ-5 5/16/2007 Senate Referred to Committee on Finance SJ-5
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO AMEND SECTION 9-8-50, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO SERVICE CREDIT IN THE RETIREMENT SYSTEM FOR JUDGES AND SOLICITORS, SO AS TO PROVIDE ADDITIONAL SERVICE THAT MAY BE ESTABLISHED AND THE PAYMENT REQUIRED THEREFOR.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 9-8-50(A) of the 1976 Code, as last amended by Act 249 of 2004, is further amended to read:
"(A)(1) An active contributing member of the system may establish service credit in the system for the same types of service, and under the same conditions, that members of the South Carolina Retirement System may establish service credit in the South Carolina Retirement System pursuant to Section 9-1-1140. With the exception of nonqualified service, as defined in Section 9-1-10(20), an active contributing member may establish service credit under this section by making a payment to the system equal to the current member contribution required for earned service pursuant to Section 9-8-130 for each year of service purchased, prorated for periods of less than a year. The cost to establish nonqualified service under this section is the same as the cost for a member to establish nonqualified service in the South Carolina Retirement System pursuant to Section 9-1-1140. A member may not establish more than sixteen years of service credit in the system under this section. A judge may not establish additional service credit under this section after attaining twenty-five years of creditable service. A solicitor may not establish additional service credit under this section after attaining twenty-four years of creditable service.
(2) In addition to the method of establishing service credit in the system provided pursuant to subsection (1) of this section and subject to the same limits provided pursuant to subsection (1) of this section, and not withstanding any other provision of law, an active contributing member of the system may establish service credit for service after 1990 on a state board, committee, or commission authorized by law to hear and determine contested cases. The payment for such service is equal to the current member contribution required for earned service pursuant to Section 9-8-130 prorated for periods less than one year. Creditable service purchased pursuant to this item counts toward and must be included in the limit on unqualified service provided pursuant to Section 9-1-1140(E)."
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on Monday, October 10, 2011 at 1:29 P.M.