The bill S. 980 aims to amend the South Carolina Code of Laws by updating the definition of "Employer" in Section 9-20-10 to include special purpose districts that participate in the South Carolina Retirement System. This addition is significant as it formally recognizes special purpose districts as employers within the context of the State Optional Retirement Program. The bill specifies that the definition of "Employer" will now encompass various educational institutions and state entities, along with the newly included special purpose districts.

Additionally, the bill modifies the definition of "Eligible employee" to include those hired by these special purpose districts after June 30, 2027. This change ensures that employees of special purpose districts can participate in the State Optional Retirement Program, aligning their retirement benefits with those of other state employees. The bill is currently under consideration in the Senate Committee on Finance and will take effect upon approval by the Governor.

Statutes affected:
Latest Version: 9-20-10