by Ron DeLord | Jan 10, 2017 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
South Carolina state workers soon will have to pay more out of their paychecks to cover their retirements. S.C. taxpayers also will contribute more toward those workers’ pensions, starting July 1. State employees will pay 9.16 percent of their paychecks, up from 8.66...
by Ron DeLord | Nov 20, 2016 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
As South Carolina lawmakers grapple with how to fix the state’s ailing pension system, the cost of having roughly $20 billion in unfunded liabilities is ticking up. That cost is rising by about $150,000 an hour, said state Rep. Jeff Bradley, R-Beaufort, a member of...