Bill > H3437

This bill amends two sections of South Carolina law related to earnings limitations for retired members of the South Carolina Retirement System and the South Carolina Police Officers Retirement System. The bill expands the circumstances under which retired members can return to work without being subject to earnings restrictions. Specifically, the bill adds new exemptions to the earnings limitation, including: members who retired before January 2, 2013, members who have reached a certain age at retirement (62 for the general retirement system and 57 for police officers), members serving in specific public offices appointed by the Governor or elected by the General Assembly, and members who have not been engaged in any compensated work for a participating employer for at least 12 consecutive months after retirement. For police officers, an additional exemption is created for critical needs law enforcement positions, which requires approval from the Law Enforcement Training Council and subsequent legislative review. The bill requires members to certify their eligibility for these exemptions and makes them responsible for reimbursing the system if they provide inaccurate information. The legislation will take effect upon the Governor's approval, providing more flexibility for retired public servants to return to work under certain conditions.

Budget and Finance

https://www.scstatehouse.gov/billsearch.php?billnumbers=3437&session=126&summary=B