‘Reform’ to State Pension System Now the Law

SOUTH CAROLINA’S ‘PENSION DEFICIT DISORDER’ HASN’T BEEN SOLVED On April 25, Gov. Henry McMaster signed a bill intended to reform South Carolina’s pension system. The bill, now a law, raises more money for the system but doesn’t so much reform the system as put more money into it and mostly leave it alone. Here are […]

ANALYSIS: The Pension System Reform Bill

SOUTH CAROLINA’S PENSION SYSTEM IS IN THE RED BY TENS OF BILLIONS. A NEW BILL WOULD TINKER WITH THE SYSTEM. After months of deliberations and expert testimony, the Joint Committee on Pension Systems Review finalized its recommendations on identical bills filed in both the House (H.3726) and Senate (S.394). These bills change both the funding and […]