This response is intended to clarify some points made by the Calhoun Ledger in its article “Blood, Tears, Anger.......” regarding the state retirement system.

The system is a Defined Benefit Plan, not a Direct Benefit Plan.

As you stated in the article, most problems fac...

April 24, 2017

A recently passed bill designed to reform the failing state employee pension system will soon be waiting for Governor Henry McMaster's decision to sign it into law or to veto it.


 

The purpose of this bill is to eliminate the funding gap that was created by years of poo...

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