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Bill Number: 18 Ratification Number: 74 Act Number 40 Introducing Body: Senate Subject: Compensation amount increased
(A40, R74, S18)
AN ACT TO AMEND SECTION 9-1-510, CODE OF LAWS OF SOUTH CAROLINA, 1976, AS AMENDED, RELATING TO THE OPTION OF CERTAIN PUBLIC EMPLOYEES AND OFFICIALS NOT TO BECOME MEMBERS OF THE RETIREMENT SYSTEM, SO AS TO INCREASE THE COMPENSATION AMOUNT ELECTED OFFICIALS MAY EARN AND STILL EXERCISE SUCH OPTION FROM FOUR THOUSAND TO NINE THOUSAND DOLLARS.
Be it enacted by the General Assembly of the State of South Carolina:
Compensation amount increased
SECTION 1. Section 9-1-510 of the 1976 Code, as last amended by Act 28 of 1977, is further amended to read:
"Section 9-1-510. All employees and teachers having a monthly compensation from public funds of one hundred dollars or less and members of the General Assembly may exercise the option within thirty days after entering upon the discharge of such duties not to become a member of the system. Elected officials who are not full-time employees and who earn nine thousand dollars annually, or less, may exercise an option not to become members of the system."
SECTION 2. This act shall take effect upon approval by the Governor.