Bill > H3542

This bill amends two sections of the South Carolina Code of Laws related to retirement benefits for the South Carolina Retirement System (SCRS) and the Police Officers Retirement System (PORS). Specifically, the bill changes the date threshold for an earnings limitation for retired members who return to covered employment. Currently, members who retired before January 2, 2013, have certain earnings restrictions, but this bill extends that date to January 2, 2026. By pushing forward the date, the bill provides more flexibility for retired public employees who wish to return to work, effectively removing the previous $10,000 earnings limitation for those who retired before the new specified date. The changes apply to both the South Carolina Retirement System and the Police Officers Retirement System, and the bill will take effect upon approval by the Governor, allowing retired members more opportunities to supplement their retirement income through continued employment.

Budget and Finance

https://www.scstatehouse.gov/billsearch.php?billnumbers=3542&session=126&summary=B