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TO AMEND SECTION 9-11-90, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE EARNINGS LIMITATION UPON RETURN TO COVERED EMPLOYMENT IN THE SOUTH CAROLINA POLICE OFFICERS RETIREMENT SYSTEM, SO AS TO INCREASE THE AMOUNT THAT MAY BE EARNED WITHOUT AFFECTING THE MONTHLY RETIREMENT ALLOWANCE FROM TEN THOUSAND DOLLARS TO FIFTY THOUSAND DOLLARS FOR CERTAIN RETIRED MEMBERS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 9-11-90(4) of the 1976 Code is amended by adding:
"(e) Notwithstanding the ten thousand dollar earnings limitation contained in this subsection (4), a retired member of this system may be hired and return to employment covered by this system and may earn up to fifty thousand dollars without affecting the monthly retirement allowance the member is receiving from this system, so long as at the time of reemployment, the retired member is working in a nonadministrative capacity. An employer shall provide documentation of need to the Public Employee Benefit Authority."
SECTION 2. This act takes effect upon approval by the Governor.
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