Generally, dual employees are required to enroll in the same retirement plan you are already contributing to or previously retired from. However, some members of the Police Officers Retirement System (PORS) may have the option of opting out of participation.
The information below explains how your retirement election is processed, procedures you must follow and important details you may want to consider. Please refer to the Retirement Program Guidelines [pdf] for other important details regarding the pension program.
Exclusions may apply based on individual circumstances and will be reviewed on a case-by-case basis.
If you are a current UofSC employee, your retirement election will automatically default to the retirement plan you are already contributing to (as consistent with your position type) and no action is required. Your contributions will be deducted from both position wages and deposited into your retirement account.
Those who are employed with another participating State employer will receive an email from the S.C. Public Employee Benefit Authority (PEBA) to confirm your pension status. Contributions will be deducted from your university wages and the other State agency’s wages.
If you are a Post-TERI or retired member of the South Carolina Retirement System (SCRS) or Police Officers Retirement System (PORS), the Benefits Office will notify SC PEBA of your return to work and contributions will be taken based on the plan from which you retired from. Your contributions will be deducted from your university wages at the active member rate consistent with the retirement system you retired from and deposited into your account. Any remaining contributions, not exhausted through pension payments, will be payable at death to your beneficiary (ies).
Note: For retirees returning to covered employment, your receipt of a retirement benefit is subject to a $10,000 Earnings Limitation – if your retirement date is January 2, 2013 or later and you were younger than age 62 (under SCRS) or age 57 (under PORS) at the date of retirement. The earnings limitation will not apply while in TERI status. Please refer to the guidelines provided on the PEBA website for further clarification.
Police Officer Retirement System (PORS) members are required to enroll in the PORS, if the temporary position is a PORS approved position type. However, if the temporary position is not a PORS approved position type and you do not have any SCRS funds already on deposit, you generally have the option of opting out of the PORS. If you wish to do so, please submit the Non-Election of Membership (Form 1104) to the Benefits Office, located at 1600 Hampton Street, Suite 801, Columbia, S.C. 29208. If you do not submit this form within 30 days from your initial hire date, you will automatically be enrolled in the PORS. Please note this option also applies to those who are members of the JSRS, GARS and NGRS.
If you need to establish or update your beneficiary information for your retirement account, please complete one of the following beneficiary forms, based on your selected option:
- Active Member Beneficiary (Form 1102) [pdf] (SCRS Pension Plan) or
- State ORP Beneficiary (Form 1106) [pdf].
Please return your beneficiary paperwork to the Benefits Office, located at 1600 Hampton Street, Suite 801, Columbia, S.C. 29208. These forms must be notarized. For your convenience, the Benefits Office offers free notary services, but please remember that all forms must be signed at the time of notarization.
Other Tax-Sheltered Annuity Products
For employees who would like to explore savings beyond the SCRS/ORP pension programs, the South Carolina Deferred Compensation website, brochure [pdf] and video outlines 401(k) and 457(b) savings plan offerings that are currently administered by Great West Retirement Services. You are also welcome to research providers of other tax-sheltered annuity plans [doc] who offer a number of 403(b) plans.
Visit the South Carolina Deferred Compensation (SCDP) website to enroll in 401(k) and 457(b) plans. All enrollments are coordinated directly with the vendor, and not through the Human Resources department. The vendor will facilitate enrollment with the University’s Payroll department. Please contact Payroll at 803-777-4227 with any questions about deductions.
The Drug-Free Workplace policy [pdf] details the university’s guidelines and expectations regarding the abuse of drugs and alcohol in conjunction with employment at the university.
The above information is in preparation for initial temporary employment and does not create a contract in the event temporary employment is not extended.