More SC Bureaucratic Bonuses
Last month this website broke the news of massive bureaucratic bonuses at South Carolina’s corrupt, underperforming pension fund.
All told, fourteen staffers at the S.C. Retirement System Investment Commission (SCRSIC) received $1.4 million in bonus pay - which is pretty impressive when you consider this fund ranks in the bottom 25 percent of all large pension funds (this despite paying the highest fees of any fund in the nation).
This month another website is exposing similar “bureaucratic bonuses” at a state government agency.
Which one? The S.C. Research Authority (SCRA) – a shady “public-private” organization we exposed five years ago as nothing but a taxpayer-funded scam.
According to The Nerve, SCRA doled out $1.1 million in bonuses to its top executives and other employees over the last year-and-a-half.
One of those employees – communications director Micki MacNaughton - also sent a whiny email which to the blog which was clearly intended to dissuade it from publishing the information.
“Please do not underestimate SCRA’s commitment or resources to cover damages, should the use of this data by you or your organization lead to any cancellation or modification of any SCRA contract, reduction in SCRA’s ability to perform sensitive work for the US government or in any other way inhibit fulfillment of our lawful public mission,” MacNaughton wrote.
Sheesh … sensitive.
“SCRA does not receive, nor does it seek, annual appropriations of taxpayer dollars from the SC state government,” she added. “There is no line item or proviso in the state budget regarding SCRA.”
Maybe not … but the agency has no problem stealing proceeds from the S.C. “Education” Lottery and routing those funds to firms with connections to some of South Carolina’s most powerful politicians.