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TO AMEND SECTION 9-11-80, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO CERTAIN RETIREMENT ALLOWANCES BY THE POLICE OFFICERS RETIREMENT SYSTEM, SO AS TO PROVIDE THAT CERTAIN DISABILITY RETIREES ARE SUBJECT TO CERTAIN EARNINGS LIMITATIONS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 9-11-80(5) of the 1976 Code is amended to read:
"(5) (A) For a disability retirement based upon an application received by the system before January 1, 2014, after age fifty-five, a disability retiree is subject to the same earnings limitation as a service retiree.
(B) For a disability retirement based upon an application received by the system after December 31, 2013, a disability retiree is subject to the same earnings limitation as a service retiree upon the earlier of the date the retiree:
(i) attains age fifty-five; or
(ii) would have accrued twenty-five years of credited service had he not retired."
SECTION 2. This act takes effect upon approval by the Governor.
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