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The Treasurer is the sole investor of the Local Government Investment Pool, (LGIP) the South Carolina Future Scholar 529 Fund and the excess funds of the state. Treasurer Loftis is the Vice Chairman of the State Fiscal Accountability Authority.
It’s a move that would cost the state an additional $95,000 a year, plus a one time cost of $1.1 million to cover the additional unfunded liability. The attorney general’s retirement benefits ...
In 1866, Construction of the penitentiary was approved by the South Carolina General Assembly. It was the first state penitentiary in South Carolina and essentially the start of the state's penal system. Previously, all jailing had been handled by counties, which were financially ill-equipped after the Civil War. The Penitentiary accepted its ...
South Carolina statutory law requires that six of the ten JMSC members be state legislators. [6] Justices on the supreme court serve ten-year terms and there is no prohibition against justices serving multiple terms on the court. [2] [7] However, there is a mandatory retirement age of 72 for state trial judges and state appellate judges. [8]
Retirement cost of living in SC with $1 million According to the report, $1 million in savings in South Carolina would last 18 years, four months and three days. Annual groceries cost: $4,701
The pay raise will cost the state $61.5 million more a year and is part of a nearly $14.5 billion budget now headed to the General Assembly for an up or down vote. Employees earning more than ...