COLUMBIA, S.C. (AP) — South Carolina House and Senate members are meeting to try to compromise on a plan to reform public workers' pension system.
A conference committee meeting on the chambers' separate reform plans is set for Tuesday afternoon.
The House changed its proposal last week. Under both plans now, changes in benefit calculations upon retirement affect only workers hired after June 30.
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Differences include how long new hires must work to retire with full benefits and how retirees get increases in their checks.
The House plan closes a special retirement benefit to new hires only, while the Senate would eliminate the Teachers and Employee Retention Incentive program in 2018.
There are nearly 230,000 public workers and 130,000 retirees in the state's five retirementsystems. Law enforcement, legislators, judges and National Guardsmen have separate systems.
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