South Carolina General Assembly
114th Session, 2001-2002

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Bill 1182

Indicates Matter Stricken
Indicates New Matter

                    Current Status

Bill Number:                      1182
Type of Legislation:              General Bill GB
Introducing Body:                 Senate
Introduced Date:                  20020403
Primary Sponsor:                  Leatherman
All Sponsors:                     Leatherman
Drafted Document Number:          l:\council\bills\bbm\10983htc02.doc
Residing Body:                    Senate
Current Committee:                Finance Committee 06 SF
Subject:                          State retirement systems may provide 
                                  investment education to participants in; 
                                  deferred compensation plans, to repeal 
                                  provisions for consultative services for plan 
                                  participants


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
Senate  20020403  Introduced, read first time,           06 SF
                  referred to Committee


              Versions of This Bill
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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND CHAPTER 16, TITLE 9, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE FUNDS OF THE SOUTH CAROLINA RETIREMENT SYSTEMS, BY ADDING ARTICLE 5 SO AS TO ALLOW THE SOUTH CAROLINA RETIREMENT SYSTEMS TO PROVIDE INVESTMENT EDUCATION TO ANY PARTICIPANT IN THE VARIOUS STATE RETIREMENT SYSTEMS AND TO REPEAL SECTION 8-23-115, RELATING TO THE PROVIDING OF CONSULTATIVE SERVICES FOR PARTICIPANTS IN THE DEFERRED COMPENSATION PLANS OFFERED BY THE DEFERRED COMPENSATION COMMISSION.

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

SECTION 1. Chapter 16, Title 9 of the 1976 Code is amended by adding:

"Article 5

Investment Education

Section 9-16-710. The South Carolina Retirement Systems may provide investment education services to any participant in any of the state's retirement plans."

SECTION 2. Section 8-23-115 of the 1976 Code is repealed.

SECTION 3. This act takes effect July 1, 2002.

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