SOUTH CAROLINA’S PENSION FUND “MISMANAGERS” WANT TO REMOVE ME AS YOUR TAXPAYER ADVOCATE …
You have probably heard that leaders of the state’s mismanaged pension system want the S.C. General Assembly to remove me as their watchdog. They want to remove your advocate. They want the power for themselves.
Their pension debt is $25 billion. It is as large as the state budget and the state doesn’t have enough money to pay it.
The pension debt is the massive pothole you can’t see. It is the debt that is larger than our state budget. It is the one issue that will cause taxes to rise and money for education, law enforcement, and essential services to dry up.
I work for you, not the establishment. I have spoken out about the unethical conduct surrounding the pension system and now the establishment wants to silence me. We need to stop it.
Call your legislators and tell them to:
1. Keep the Treasurer on the Retirement System Investment Commission.
2. Leave the Treasurer as the custodian of the state’s retirement funds.
3. Make fixing the pension their number one priority.
The pension system doesn’t need a Band-Aid, or a temporary fix, it needs a permanent solution before the lawmakers go home in May.
I appreciate your help and all that you do for our great state.
All my best,
Curtis Loftis is treasurer of South Carolina. Visit his website here.