The bill H. 3437 proposes amendments to the South Carolina Code of Laws regarding the earnings limitation for retired members returning to covered employment in both the South Carolina Retirement System and the South Carolina Police Officers Retirement System. Specifically, it seeks to exempt certain retired members from the earnings limitation if they meet specific criteria. These criteria include retiring before January 2, 2013, reaching the age of sixty-two (or fifty-seven for police officers) at retirement, or receiving compensation for service in a public office appointed by the Governor or elected by the General Assembly. Additionally, a new provision allows for exemption if the member has not engaged in any compensated services for a participating employer for at least twelve consecutive months after retirement, provided they certify their eligibility.

Furthermore, the bill introduces a new exemption for retired police officers who are employed in critical needs law enforcement positions, as determined by the Law Enforcement Training Council. This provision requires the Council to review and approve documentation from the employer to ensure no qualified non-retired members are available for the position. The Council is also tasked with submitting an annual report to legislative leaders regarding positions eligible for this exemption, which will only apply to those approved by the General Assembly for the fiscal year. The bill is set to take effect upon the Governor's approval.

Statutes affected:
12/05/2024: 9-1-1790, 9-11-90
Latest Version: 9-1-1790, 9-11-90