H 4577

South Carolina General Assembly
126th Session, 2025-2026
Bill 4577
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 ADDING SECTION 9-11-28 SO AS TO PROVIDE THAT FULL-TIME MASTERS-IN-EQUITY
SHALL PARTICIPATE IN THE SOUTH CAROLINA POLICE OFFICERS RETIREMENT SYSTEM AND
TO PROVIDE FOR CERTAIN TRANSFERS OF CREDITS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1.  Article 1, Chapter 11, Title 9
of the S.C. Code is amended by adding:
    Section
9-11-28. (A) After December 31, 2026,
any person who is a full-time master-in-equity shall participate in the South
Carolina Police Officers Retirement System for his service as a
master-in-equity.
    (B) From July 1, 2026, to January 1,
2027, a full-time master-in-equity who elects to transfer credited service
received under the South Carolina Retirement System to the South Carolina
Police Officers Retirement System may do so upon payment of the accumulated
employer and employee contributions and interest in the South Carolina
Retirement System plus five percent of his annual salary in effect as of June
30, 2026, for each year of service prorated for periods of less than a year.
After January 1, 2027, a master-in-equity may elect to transfer credited
service received under the South Carolina Retirement System to the South
Carolina Police Officers Retirement System as provided in Section 9-11-40(9).
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 12:52 PM