The bill H. 3542 proposes amendments to the South Carolina Code of Laws, specifically targeting Sections 9-1-1790 and 9-11-90, which govern retirement benefits for employees returning to work after retirement under the South Carolina Retirement System (SCRS) and the Police Officers Retirement System (PORS). The primary change is the removal of the $10,000 earnings limitation for employees who retired before January 2, 2026. This adjustment allows retired members to return to covered employment without being restricted by the previous earnings cap.

The bill modifies the language in both sections to specify that the relevant members must have retired before January 2, 2026, thereby aligning the eligibility criteria for returning employees with the new provisions. The act will take effect upon approval by the Governor, facilitating a more flexible re-employment process for retirees in South Carolina.

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