South Carolina Short-Term Incentive Plan
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How to fill out Short-Term Incentive Plan?
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FAQ
The state of South Carolina offers its employees generous benefits, including health and dental insurance; retirement and savings plan options; and paid vacation and sick leave. Plus, work-life balance programs such as telecommuting and flexible work schedules are available to employees of some state agencies.
South Carolina wage law does not explicitly address bonuses. Generally, discretionary bonuses are not considered wages, while nondiscretionary bonuses paid under an agreement are considered wages and protected under wage law. Employers should follow any written policy they have about paying bonuses as a best practice.
South Carolina offers a sales tax exemption on computer equipment and electricity used in data centers that invest at least $50 million and employ at least 25 people in well-paying jobs.
SC Retirement System Traditional Pension Plan (SCRS) You must have a minimum of 5 years of earned service (Class II members) or 8 years of earned service (Class III members) to be eligible to receive a retirement annuity. Learn more about the SCRS Plan.
The State Health Plan: a self-funded plan The State Health Plan is a self-insured plan that PEBA administers on behalf of its members. As a self-funded plan, the State Health Plan does not pay premiums to an insurance company. Instead, employee premiums and employer contributions are held in a trust fund.
Insurance benefits State Health Plan. Standard Plan. Savings Plan. Medicare Supplemental Plan. TRICARE Supplement Plan. Dental benefits. Vision benefits. Life insurance. Long term disability. MoneyPlus.
You can retire and receive an unreduced monthly retirement benefit after 28 years of service or at age 65 or older. You can retire early, at age 60, or at age 55 with 25 years of service, and receive a reduced monthly retirement benefit. You must have at least five years of earned service to receive a benefit.
No, South Carolina doesn't have a state disability program. Only five states (California, Hawaii, New Jersey, New York, and Rhode Island) have a state program. Residents of South Carolina can apply for federal disability programs (SSDI and SSI). Read more about SSDI and SSI here.