Current Status Introducing Body:Senate Bill Number:177 Primary Sponsor:Land Committee Number:30 Type of Legislation:GB Subject:Health and dental coverage, employer cost Residing Body:House Current Committee:Ways and Means Companion Bill Number:3234 Computer Document Number:JIC/5149HC.93 Introduced Date:19930113 Date of Last Amendment:19930401 Last History Body:House Last History Date:19930407 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Land Leventis Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved
____ ______ ____________ ______________________________ ___ ____________
177 House 19930407 Introduced, read first time, 30
referred to Committee
177 Senate 19930406 Read third time, sent to House
177 Senate 19930401 Amended, read second time
177 Senate 19930331 Committee Report: Favorable 06
with amendment
177 Senate 19930113 Introduced, read first time, 06
referred to Committee
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Indicates Matter Stricken
Indicates New Matter
COMMITTEE AMENDMENT ADOPTED
April 1, 1993
S. 177
S. Printed 4/1/93--S.
Read the first time January 13, 1993.
TO AMEND SECTION 9-1-1850, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO EARLY RETIREMENT, SO AS TO DELETE THE REQUIREMENT THAT THE EMPLOYEE PAY BOTH THE EMPLOYEE AND EMPLOYER COST OF HEALTH AND DENTAL INSURANCE.
Amend Title To Conform
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 9-1-1850(A) of the 1976 Code, as last amended by Act 632 of 1988, is further amended to read:
"(A) For any retirement system provided for by law in this State the member of the retirement system, if he has at least twenty-five years of creditable service, may elect to receive up to five years of additional service credit as though the additional service credit were rendered by him as an employee or member upon his paying into his retirement system the actuarial cost as determined by regulation promulgated by the governing or administering board of his retirement system, provided the actuarial cost must be determined on the basis of current salary or the highest fiscal year salary in the work career, whichever is greater. The member also shall pay the employer and employee cost for health and dental insurance for a time period equal to the period of service credit purchased, or until the date the member attains age sixty, at which time the member becomes eligible for employer-paid health and dental insurance. Any service credit purchased under this section qualifies the member for retirement and the member must retire within ninety days subsequent to the purchase."
SECTION 2. (A) This act takes effect upon approval by the Governor and applies with respect to payments made after December 31, 1992.
(B) Employer share payments made by employees after December 31, 1992, must be refunded upon application to the Division of Insurance Services of the State Budget and Control Board.