Letter: SC Retirement Scam
Dear Editor: On your story about private sector lobbyists receiving access to the government-run pension plan you are 100 percent correct. These organizations are not subject to state salary caps or many other restrictions so these special interest people can make a LOT of money. I have watched them retire after 28 years (some after 25) while continuing to work – so some are making over $100,000 per year in retirement alone.
And all the while they are lobbying us for more perks, favors and money.
State retirement should be for state employees. This benefit is a payoff by the elite budget writers to their highly paid lobbyist/special interest cronies and of course these special interest friends can shovel donations, consulting contracts, etc, back to the budget writers. It is transparently corrupt.
This story is more important than you realize – in fact it is one of the most important stories of the year. Great effort will be made to conceal these groups and what these people make as they are not included in the state data base transparency page nor are retirees salaries.
It will be very interesting to see what “favors” they have done for key lawmakers, their families and business associates.
When and if the whole story gets out the average taxpayer is gonna be pissed.
Yup … FITS has been doing its best over the last several years to keep the heat applied on this issue, as has S.C. Treasurer Curtis Loftis. Hopefully those efforts will pay dividends down the road. Get it? “Pay dividends?” I crack myself up …