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.
When it comes to funding its public pension program, South Carolina is short $74,095,092,870 according to a new American Legislative Exchange Council (ALEC) report.
Political will? Compromise? Institutional discipline? Long-term strategy? Do these virtues still exist in the General Assembly?
