South Carolina General Assembly
108th Session, 1989-1990

Bill 594


                    Current Status

Bill Number:               594
Ratification Number:       138
Act Number                 85
Introducing Body:          Senate
Subject:                   Relating to the requirements for service
                           retirement under the South Carolina
                           Retirement System
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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A85, R138, S594)

AN ACT TO AMEND SECTION 9-1-1510, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE REQUIREMENTS FOR SERVICE RETIREMENT UNDER THE SOUTH CAROLINA RETIREMENT SYSTEM, SO AS TO PROVIDE THAT A MEMBER OF THE SYSTEM WHO IS AN ELECTED OFFICIAL WHOSE ANNUAL COMPENSATION IS LESS THAN THE EARNINGS LIMITATION BELOW WHICH A RETURN TO COVERED EMPLOYMENT DOES NOT AFFECT THE RECEIPT OF BENEFITS AND WHO IS OTHERWISE ELIGIBLE FOR SERVICE RETIREMENT MAY RETIRE WITHOUT A BREAK IN SERVICE.

Be it enacted by the General Assembly of the State of South Carolina:

Retirement allowed

SECTION 1. Section 9-1-1510 of the 1976 Code is amended by adding at the end:

"A member who is an elected official whose annual compensation is less than the earnings limitation pursuant to Section 9-1-1790 and who is otherwise eligible for service retirement may retire for purposes of this section without a break in service."

Time effective

SECTION 2. This act takes effect upon approval by the Governor.