South Carolina H 4620: Retirement Allowance Adjustment

Bill Text

2025-2026 Bill 4620 Text of Previous Version (Dec. 17, 2025) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 4620

Indicates Matter Stricken
Indicates New Matter

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A bill

TO AMEND THE SOUTH CAROLINA CODE OF LAWS 
BY AMENDING SECTION 9-11-312, RELATING TO RETIREMENT ALLOWANCE ADJUSTMENTS, SO 
AS TO INCREASE THE ALLOWED ADJUSTMENT AMOUNT.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION 1. Section 9-11-312 of the S.C. 
Code is amended to read:

 Section 
9-11-312. Effective July 1, 2012 2026, and annually thereafter, the retirement allowance 
received by retirees and their surviving annuitants pursuant to the provisions 
of this chapter, inclusive of Section 9-11-140 must be increased by the lesser greater of one two percent or five hundred one thousand 
dollars. Only those retirees and their surviving annuitants in receipt of an 
allowance on July first preceding the effective date of the increase are 
eligible to receive the increase. Any increase in allowance granted pursuant to 
this section must be included in the determination of any subsequent increase.

SECTION 
2. This act takes effect upon approval by the Governor.

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This web page was last updated on December 17, 2025 at 12:58 PM