S.0107

Retirement earning limitations

Introduced·1/14/25
Introduced Text

Changes earnings limit for retired members returning to employment under South Carolina Retirement System.

This bill amends the South Carolina Code to adjust the earnings limit for retired members returning to employment under the South Carolina Retirement System and the Police Officers Retirement System. It changes the limit from a fixed amount of ten thousand dollars to an amount not exceeding the lower of the retirement earnings test exempt amounts set by the Social Security Administration for individuals below the federally defined normal retirement age.

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  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Finance Committee
Next
Committee decision

Sponsors

0
1
R
Democratic CaucusRepublican Caucus

History

Jan 14, 2025

Senate

Introduced and read first time

Jan 14, 2025

Senate

Referred to Committee on Finance

Dec 11, 2024

Senate

Prefiled