The bill H. 3437 aims to amend 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 proposes that the earnings limitation will not apply under certain conditions, such as if the member retired before January 2, 2013, has reached a specified age at retirement, or is receiving compensation for a public office filled by gubernatorial appointment. Additionally, a new provision allows for an exemption if the member has not engaged in any compensated services for at least twelve consecutive months after retirement, provided they certify their eligibility for this exemption.
Furthermore, the bill introduces a specific exemption for retired law enforcement officers who are employed in critical needs 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 bill mandates that the Council submit 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 act will 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