South Carolina H 3434: Earnings limitation

Bill Text

2025-2026 Bill 3434 Text of Previous Version (Dec. 06, 2024) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 3434

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 9-1-1790, RELATING TO THE EARNINGS LIMITATION FOR RETIRED MEMBERS OF 
THE SOUTH CAROLINA RETIREMENT SYSTEM UPON THE RETURN TO COVERED EMPLOYMENT, SO 
AS TO PROVIDE THAT THIS LIMITATION DOES NOT APPLY TO MEMBERS WHO RETURN TO 
COVERED EMPLOYMENT AS SCHOOL BUS DRIVERS.

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

SECTION 1. Section 9-1-1790(A)(2) of the S.C. Code is amended to 
read:

 (2) The earnings limitation imposed 
pursuant to this item does not apply if the member meets at least one of the 
following qualifications:

 (a) 
the member retired before January 2, 2013;

 (b) 
the member has attained the age of sixty-two years at retirement; or

 (c) 
compensation received by the retired member from the covered employer is for 
service in a public office filled by the appointment of the Governor and with 
confirmation by the Senate, by appointment or election by the General Assembly, 
or by election of the qualified electors of the applicable jurisdiction.; or

 (d) compensation received for 
employment as a school bus driver for a public school district by a member who 
retired from the system before January 1, 2025.

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

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This web page was last updated on December 06, 2024 at 11:56 AM