September 25, 2022

The Nerve

Where Government Gets Exposed

What’s Behind the Unfunded Liability in SC’s Retirement System

A member of the Retirement Ad Hoc Committee highlights some of the causes behind the huge unfunded liability facing the state retirement system.

One of the principal causes of the estimated $17 billion unfunded liability was the change in state law that enabled state employees to begin receiving benefits after 28 years of service, instead of 30, Rep. B. R. Skelton (R-Pickens) says.

We need your help to continue our mission of holding government officials accountable! As part of the South Carolina Policy Council, a nonprofit, nonpartisan research organization, we rely on donations to operate. Please consider giving today so we can keep bringing accountability to government. It’s your power, and it’s time to take it back!
The Nerve