Employee retirement contribution increasing to 8 percent

June 30, 2014

State employee retirement contribution rates are established by state law, as enacted by the South Carolina General Assembly. The South Carolina General Assembly passed retirement reform legislation in 2012. In accordance with this legislation, effective July 1, 2014, the employee retirement contribution rate is increasing from 7.5 to 8 percent for the South Carolina State Retirement System Plan (SCRS) and Optional Retirement Plan (ORP), and from 7.84 to 8.41 percent for the Police Officers Retirement System Plan (PORS).

The increase will be reflected on the first payday in July, which will be the July 15 paycheck.

Please visit the South Carolina Retirement System website for additional information about state retirement benefits.  For questions, contact the Office of Human Resources online at Ask-HR, or by phone at 864-656-2000.

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