The bill H. 3434 proposes an amendment to Section 9-1-1790 of the South Carolina Code of Laws, specifically addressing the earnings limitation for retired members of the South Carolina Retirement System who return to covered employment. The amendment introduces a new provision that exempts retired members from the earnings limitation if they return to work as school bus drivers for a public school district, provided they retired from the system before January 1, 2025.

In addition to this new exemption, the bill retains existing qualifications that allow for exceptions to the earnings limitation, including retirement before January 2, 2013, reaching the age of sixty-two at retirement, or receiving compensation for service in certain public offices. The bill is set to take effect upon approval by the Governor.

Statutes affected:
12/05/2024: 9-1-1790
Latest Version: 9-1-1790