News & Updates

NOTICE TO PARTICIPATING EMPLOYERS

On May 4, 2006, the South Carolina Supreme Court issued an opinion in Layman et al. vs. The State of South Carolina and The South Carolina Retirement System. You may obtain a copy of the opinion on the South Carolina Supreme Court’s Web site at www.judicial.state.sc.us.

The State of South Carolina and the South Carolina Retirement Systems have 15 days from the date of the Supreme Court decision to file a Petition for Rehearing with the South Carolina Supreme Court. The attorneys representing the state and the South Carolina Retirement Systems are currently studying the opinion and will make a decision whether or not to pursue additional legal relief with the Court within the 15-day time period. Until that time, the decision of the Supreme Court is not final.

Employers are advised to continue collecting employee contributions on both TERI participants and working retirees until further notice from the Retirement Systems or the Court.

We have not been notified by the Court what notices will be provided to members of the plaintiff class.

If you receive inquiries from members of the class, you may wish to direct them to A. Camden Lewis, Esquire, of Lewis, Babcock & Hawkins, L.L.P., who represents the class in this case.