South Carolina H4577 requires full-time masters-in-equity to join the South Carolina Police Officers Retirement System.

South Carolina H4577 amends the state code to mandate that full-time masters-in-equity must participate in the South Carolina Police Officers Retirement System. The change takes effect after December 31, 2026. From July 1, 2026, to January 1, 2027, masters-in-equity can transfer their credited service from the South Carolina Retirement System to the South Carolina Police Officers Retirement System, provided they pay the accumulated employer and employee contributions, interest, and an additional five percent of their annual salary for each year of service.

South Carolina H4577 requires full-time masters-in-equity to join the South Carolina Police Officers Retirement System.

South Carolina H4577 amends the state code to mandate that full-time masters-in-equity must participate in the South Carolina Police Officers Retirement System. The change takes effect after December 31, 2026. From July 1, 2026, to January 1, 2027, masters-in-equity can transfer their credited service from the South Carolina Retirement System to the South Carolina Police Officers Retirement System, provided they pay the accumulated employer and employee contributions, interest, and an additional five percent of their annual salary for each year of service.