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Get SC Form 1113 2002-2024
Form 1113 Revised 05/29/2002-Page 1 of 2 CERTIFICATION OF TRUST State Budget and Control Board South Carolina Retirement Systems Attention: Enrollment Box 11960, Columbia, SC 29211-1960 Retirement.
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Beneficiaries FAQ
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South Carolina taxpayers ages 65 and older do not need to file a state income tax return in most cases. If your gross income is less than the federal gross income filing requirement, you shouldn't be required to file a SC state return. In addition, Social Security benefits are not taxed by the state of South Carolina.
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At its September meeting, the Board unanimously voted to approve a 2.5% cost-of-living adjustment (COLA) increase for eligible retirees and beneficiaries in 2023.
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The Retirement System Board of Trustees also met this week and made its final recommendation of a 2% bonus for retirees in both 2023 and 2024, paid by the general fund.
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$10,000 earnings limitation Act 102 of 2021 increased the earnings limitation for some retired SCRS members who work in the state's public schools.
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Under SCRS, you are eligible to retire with an unreduced benefit if you have at least eight years of earned service credit and: Met the Rule of 90 requirement; or • Reached age 65. The Rule of 90 means your age and your years of service total 90.
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At its September meeting, the Board unanimously voted to approve a 2.5% cost-of-living adjustment (COLA) increase for eligible retirees and beneficiaries in 2023.
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The South Carolina Deferred Compensation Program (Deferred Comp) is a voluntary retirement savings program that provides participants an opportunity to supplement their retirement savings through its 401(k) and 457 plans.
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As a non-working retiree, if you die and your last employer prior to retirement provides incidental death benefit coverage, a payment based on the retirement system from which you retired from and your service credit will be paid to your beneficiary.
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