Pension Forecast: Still Stormy

Tax & Budget
September 8, 2017

Transitioning to a defined contribution retirement plan for new state employees would be wise public policy for South Carolina taxpayers and would help us keep our promises to past, present and future state employees.

Other states are figuring it out…will SC?

Tax & Budget
June 16, 2017

Add Pennsylvania to the list of states which have substantively reformed their pension system. Will South Carolina follow the Keystone State’s lead? Though governor McMaster signed a pension “fix” into law this past session, the truth of the matter is that the pension system is unsustainable because of its structure as a defined-benefit model, not