Thanks to you, we are bringing more transparency and accountability to the state’s $25 billion pension fund. Your visits, calls and emails to the Senate made the difference and I am truly appreciative. Because of your efforts, state Senators overwhelmingly voted by a 34-10 margin to keep the only elected official on the Investment Commission!
That was just the beginning of our transparency efforts. At Thursday’s Investment Commission meeting, the Commission wisely voted to take three weeks to carefully examine the pension fund’s investment allocations. Previously, the fate of $25 billion was decided in one meeting. Taking the time to closely look at where this fund is putting money is at the heart of transparency and accountability.
I would also like to thank my fellow commissioners for voting to examine all strategic partnerships and alternative investments. This review is key to making long term investment decisions that create value for our retirement system.
Lastly, I ask you to click on these editorials from the Charleston Post and Courier and Greenville News. These thoughtful and objective commentaries provide even more insight on something I consider to be the biggest financial issue facing our state.
Curtis M. Loftis, Jr.
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