STATE TREASURER CURTIS LOFTIS ISSUES STATEMENT ON 34 TO 10 STATE SENATE VOTE TO KEEP SEAT ON INVESTMENT COMMISSION
Treasurer Loftis thanks state Senators for maintaining transparency and accountability by keeping the only statewide elected official on South Carolina Investment Commission.
(Columbia, SC) – Today State Treasurer Curtis Loftis issued the following statement after this afternoon’s 34 to 10 state Senate vote which tabled an amendment which would have removed the State Treasurer from the South Carolina Investment Commission.
“I am grateful state Senators have stood for taxpayers in a 34-10 vote and recognized that maintaining transparency and accountability on the state pension fund is vital to South Carolina’s economic health. Having a statewide elected official on the Investment Commission ensures transparency and accountability. The staff of the State Treasurer’s Office and I have been diligently examining the pension fund for the past year. Our analysis of the fund has relied on solid numbers and information from leading independent firms using recognized fiscal year returns instead of cherry picking stats for political convenience.
“South Carolina’s pension fund expenses have skyrocketed in the past few years while returns have lagged below those of our peers. State employees, retirees and taxpayers deserve to know what is happening with the state’s largest asset, the $25 billion public pension fund. This is the people’s money and they deserve a seat at the table. As State Treasurer, I am the custodian of all state funds and I will not back down from asking tough questions when it comes to protecting public assets.”
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By Kyle February 15, 2012 at 9:47 pm
Loftis is class act not to mention Ryberg. I am not. Ryberg is not worthy of the term human.
He is a bully.
By conservative republican February 15, 2012 at 11:17 pm
I really thought Ryberg was a reformer type and do not understand why he’s opposing Loftis. What has happened to him?
By Silver Eagle February 16, 2012 at 10:35 am
One word – Haley
By dell ruepop February 16, 2012 at 1:47 am
Mister Ryberg please post here and tell us who pissed in your cornflakes or otherwise caused you to “go bad” and turn into Snidley Whiplash.
Otherwise, renew your fishing license, because you may be about to have a lot of free time on your hands.
By Cartman February 16, 2012 at 5:23 am
Once you go ginger, you never go back. The bad taste in Ryborg’s mouth is analingus morning breath from a late night session with Choda Boy the cub reporter.
Suck on it, Ryborg!
By Dick February 16, 2012 at 6:10 am
Ryberg has run for Treasurer 3 times. Lost all three. he is a jealous old man that covets what he can:t have.
He and his rich friends want control. Especially of your money. They lost it yesterday.
By cash February 16, 2012 at 10:19 am
Maybe Ryberg can spend his soon to be new found time hanging with Chesley.
By Take the Blinders Off February 18, 2012 at 9:50 pm
God bless Curtis Loftis! Finally, someone who does not cower to political pressure and the evil that has overtaken our state. So Curtis, whatcha doin’ in 2014? There’s a big white house in the middle of Columbia that needs fumigating to rid it of the existing vermin who live there and you are just the man to do it!!!!
By Auditor4Change February 22, 2012 at 12:52 pm
I’m in….Curtis Loftis for Gov in 2014!! Thank you Treasurer for looking out for the people of SC!