Governor to Legislators: Pension Reform a Priority

DeSue, Tedra
March 2006
Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p66
Trade Publication
The article provides an overview of the fiscal condition of South Carolina. Governor Mark Sanford has called on lawmakers to continue to reform the state's retirement system to reduce the increasing costs or risk contending with budget challenges. The total actuarial value of the South Carolina Retirement System was 80.3 percent as of July 1, 2004. The General Assembly has approved a retirement reform bill in 2005 to address the problems associated with the defined benefit plans.


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