State Retirement System
House Axes Budget and Control Board in New Restructuring Plan
May 3, 2012, 5:55 a.m. by Eric K. WardThe S.C. House passed a counterproposal Wednesday to a Senate plan for restructuring state government, going much further than the House’s original blueprint and outstripping the Senate in some areas.
Politics Threatens to Derail Restructuring
April 25, 2012, 5:55 a.m. by Eric K. WardCausal and keen observers alike might have heard rumblings about expanding government bureaucracy, along with concerns about protecting the state’s credit rating. The facts, however, do not confirm alarms about those matters.
House Pension Bill Protects Current Lawmakers
April 2, 2012, 6 a.m. by Rick BrundrettA House bill would allow current lawmakers to continue receiving their state pensions while remaining in office.
Senator Proposes Pension Changes for Lawmakers
Jan. 3, 2012, 6 a.m. by Rick BrundrettS.C. Sen. Chip Campsen, R-Charleston pre-filed a bill (S. 1038) that would close the defined-benefit retirement program for the 170-member General Assembly after this year and move lawmakers into a defined-contribution plan mirroring the state Optional Retirement Program, which is like a 401k plan.
What's Behind the Unfunded Liability in SC's Retirement System
Dec. 12, 2011, 9:56 a.m. by Kevin DietrichA member of the Retirement Ad Hoc Committee highlights some of the causes behind the huge unfunded liability facing the state retirement system.
Dozens of S.C. Pensioners Earning Six Figures
Sept. 28, 2011, 8:45 a.m. by Rick BrundrettAs S.C. lawmakers grapple with how to close a recently projected $17 billion gap in the state pension system, 169 state retirees or their beneficiaries earn more than $100,000 annually in retirement benefits, while more than 3,500 individuals in the system receive at least $50,000 yearly, a review by The Nerve has found.