Bill > S0980

This bill amends Section 9-20-10 of the South Carolina Code of Laws to include "special purpose districts" within the definition of an "employer" for the State Optional Retirement Program. Special purpose districts are local government entities created for a specific purpose, such as providing water or sewer services, and are defined in Section 6-11-1610 of the code. By adding these districts to the definition of employer, the bill allows employees of these special purpose districts, if they participate in the South Carolina Retirement System, to potentially be eligible for the State Optional Retirement Program, which is an alternative to the traditional state retirement system. This change aims to expand the reach of the State Optional Retirement Program to a broader range of public employees.

Budget and Finance

https://www.scstatehouse.gov/billsearch.php?billnumbers=0980&session=126&summary=B