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SC H4620

Bill

Official Source

Status

Introduced

1/13/2026

Primary Sponsor

Christopher Wooten

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Origin

House of Representatives

126th General Assembly

AI Summary

  • Increases the annual retirement allowance adjustment for South Carolina Police Officers Retirement System retirees and surviving annuitants from the lesser of 1% or $500 to the greater of 2% or $1,000
  • Changes the baseline effective date for the adjustment calculation from July 1, 2012 to July 1, 2026
  • Limits eligibility to retirees and surviving annuitants already receiving an allowance on July 1 preceding each annual increase
  • Any granted increases compound into subsequent year calculations
  • Takes effect upon Governor's approval

Legislative Description

Retirement Allowance Adjustment

Last Action

Referred to Committee on Ways and Means

1/13/2026

Committee Referrals

Ways and Means12/16/2025

Full Bill Text

No bill text available