KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

Back to South Carolina

H4577 • 2026

Master-in-Equity Retirement

Master-in-Equity Retirement

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Reps. Bannister, C. Mitchell and Pope
Last action
2026-01-13
Official status
Referred to Committee on Ways and Means ( House Journal-page 28 )
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Master-in-Equity Retirement

Master-in-Equity Retirement

What This Bill Does

  • Master-in-Equity Retirement

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-01-13 House

    Introduced and read first time ( House Journal-page 28 )

  2. 2026-01-13 House

    Referred to Committee on Ways and Means ( House Journal-page 28 )

  3. 2025-12-16 House

    Prefiled

  4. 2025-12-16 House

    Referred to Committee on Ways and Means

Official Summary Text

Master-in-Equity Retirement

Current Bill Text

Read the full stored bill text 
2025-2026 Bill 4577: Master-in-Equity Retirement - South Carolina Legislature Online

South Carolina General Assembly
126th Session, 2025-2026
Download
This Bill
in Microsoft Word Format
Indicates Matter Stricken
Indicates New Matter
H. 4577
STATUS INFORMATION
General Bill
Sponsors: Reps. Bannister, C. Mitchell and Pope
Document Path: LC-0403SA26.docx
Introduced in the House on January 13, 2026
Currently residing in the House Committee on
Ways and Means
Summary: Master-in-Equity Retirement
HISTORY OF LEGISLATIVE ACTIONS

Date

Body

Action Description with journal page number

12/16/2025

House

Prefiled

12/16/2025

House

Referred to Committee on
Ways and Means

1/13/2026

House

Introduced and read first time (
House Journal-page 28
)

1/13/2026

House

Referred to Committee on
Ways and Means
(
House Journal-page 28
)

View the latest
legislative information
at the website
VERSIONS OF THIS BILL
12/17/2025

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.

B
e it enacted by the
General Assembly of the State of South Carolina:

S
ECTION 1.
A
rticle 1, Chapter 11, Title 9 of the S.C. Code is
amended by adding:

S
ection
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 Retire
ment 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).

S
ECTION 2. This act takes effect upon approval
by the Governor.

----XX----

This web page was last updated on January 13, 2026 at 2:41 PM