South Carolina Senate Bill 297

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 30 2025 - 25% progression
Action: 2025-02-10 - Scrivener's error corrected
Pending: Senate Finance Committee
Text: Latest bill text (Draft #2) [HTML]

Amend The South Carolina Code Of Laws By Amending Sections 9-1-1085 And 9-11-225, Both Relating To Employer And Employee Contribution Rates Under The South Carolina Retirement System And The Police Officers Retirement System, Respectively, So As To Provide That Employers, Up To Certain Limits, May Elect To Pay All Or A Portion Of Required Employee Contributions During A Fiscal Year; By Amending Sections 9-1-10 And 9-11-10, Both Relating To The South Carolina Retirement System Definitions And To The Police Officers Retirement System Definitions, Respectively, So As To Provide What Is Not Earnable Compensation And To Provide That Certain Contributions Paid By Employers Are Accumulated Contributions Or Aggregate Contributions; By Amending Section 9-11-260, Relating To Deposit Of Assets In The System, So As To Provide For Certain Amounts Paid By Employers In Lieu Of Employee Contributions; And By Amending Sections 9-1-1020, 9-1-1160, And 9-11-210, All Relating To Contributions Of Members, So As To Provide That Employers May Pick Up Certain Contributions In The Amount Designated As Employee Contributions In Certain Circumstances.

Employer and employee contribution rates under SCRS and PORS

Sen. Ross Turner [R]

Date	Chamber	Action
2025-02-10		Scrivener's error corrected
2025-01-30	Senate	Referred to Committee on Finance
2025-01-30	Senate	Introduced and read first time

Chapter	Article	Section	Citation Type	Statute Text
9	1	10	(n/a)	See Bill Text
9	1	1020	(n/a)	See Bill Text
9	1	1085	(n/a)	See Bill Text
9	1	1160	(n/a)	See Bill Text
9	11	10	(n/a)	See Bill Text
9	11	210	(n/a)	See Bill Text
9	11	225	(n/a)	See Bill Text
9	11	260	(n/a)	See Bill Text

Type	Source
Summary	https://www.scstatehouse.gov/billsearch.php?billnumbers=0297&session=126&summary=B
Text	https://www.scstatehouse.gov/sess126_2025-2026/prever/297_20250130.htm
Text	https://www.scstatehouse.gov/sess126_2025-2026/prever/297_20250210.htm