Post Tagged with: "pension"

FEEDBACK:  On past, air conditioning and pensions

FEEDBACK:  On past, air conditioning and pensions

P.C. Coker, Charleston: “As Theodore White said in the Making of the President 1960, three things were the center of American discourse after World War II, civil rights, television, and the bomb. To that I would add for the South, air conditioning. [Brack: South has come a long way in 100 years]  I am one of the last people around who can remember a summer without air conditioning and back then we lived from day to day for a place to cool off.”

by · 09/29/2017 · Feedback
MY TURN, Kinard: Reconsider proposed changes to state pension plan

MY TURN, Kinard: Reconsider proposed changes to state pension plan

Open letter to S.C. Gov. Henry McMaster:

I hope this letter finds you well after our Labor Day holiday. I find it disheartening, on the day after a holiday designed to commemorate and honor American workers, that I must write to you about a choice you are making that will greatly harm and jeopardize the livelihoods of workers in South Carolina that you now govern. You are taking a stance against your own public employees by seeking to remove their pensions and retirement plans because of actions over which they had no control.

I find it not only heartless but also ill-conceived to wish to alter the benefits of current and future public workers in our state and would ask that you reconsider this position before it does irreparable damage to our state, its economy and the lives of our workforce.

BRIEFS:  Pension reform on the way; Winthrop Poll and Trump

BRIEFS: Pension reform on the way; Winthrop Poll and Trump

Staff reports | It looks like the General Assembly is serious about enacting state pension reform this legislative session, perhaps as early as next week in the House. Currently, the state pension systems are grossly underfunded, with tens of billions of dollars in unfunded obligations. The shortfall amount swells from $20 billion to $40 billion, depending to whom in Columbia you are talking. The pension system covers everyone from state employees to city cops and county teachers, and more.

Also in today’s briefs is a look at how South Carolinians feel about President Donald Trump compared to others and groups, according to a new Winthrop Poll.

by · 02/24/2017 · News briefs, Politics
Lt. Gov. Henry McMaster during a nomination speech of President-elect Donald Trump at this year's GOP convention.

TOP FIVE: From McMaster’s priorities to common-sense investing

In this week’s Top Five stories you might have missed:

* McMaster offers insights into state’s challenges;
* How to fix sales taxes today;
* Hofferth outlines need for more higher ed support, funding;
* Scoppe asks legitimate questions on pension funding;
* Mayor pushes continued beach renourishment.

by · 02/17/2017 · News, Top Five
NEWS: Fixing the ‘unfixable’ S.C. pension mess

NEWS: Fixing the ‘unfixable’ S.C. pension mess

By Bill Davis, senior editor | Figuring out how much a recent plan to save the state’s pension system might cost the average taxpayer is close to impossible, with State Treasurer Curtis Loftis saying that seems to be on purpose.

A special House-Senate pension systems review committee last week introduced a series of recommendations to increase how much the state, counties and municipalities will have to pay to solve the state pension system’s unfunded liability, frequently reported to be about $22 billion.

The proposed plan would cap contributions by employees at 9 percent of their paychecks, increase employer contributions by 2 percent initially, with each percentage point bringing in $100 million annually. Then over the next four years, the employer contributions would be increased an additional 1 percent a year, topping out at close to 18 percent. In other words, after six years, employers using the plan would add $600 million annually to the pension plan to fix the problem.

by · 02/10/2017 · News
TOP FIVE:   On teachers, books, literacy, pensions and division

TOP FIVE: On teachers, books, literacy, pensions and division

Five stories you might have missed in the first week of February in 2017:
* More teachers are leaving, a phenomenon that is causing unease in education circles.
* State Treasurer Curtis Loftis has new ammo in his fight to fix the state’s pension system.
* A new book of essays suggests some fixes for South Carolina — including more reading by kids.
* A Florida prison literacy program is changing lives.
* Why it’s important to bridge the urban-rural divide in the Carolinas.

by · 02/02/2017 · News, Top Five
NEWS:  A look back yields a look forward

NEWS: A look back yields a look forward

By Andy Brack, editor and publisher | A look back at Statehouse Report’s news coverage in 2016 gives a pretty good primer of challenges that lawmakers will continue to face in 2017:

* How to cover revenue shortfalls as infrastructure, pension and education needs rise;
* How to deal with the state’s economic future, including tax reform and other alternatives;
* How lawmakers can simply get along better and move forward at the Statehouse.

Of course, traditional media covered a lot of easy horserace and personal stories, such as Gov. Nikki Haley being picked as the nation’s next ambassador to the United Nations and the political impact of her earlier departure. But Statehouse Report tends to focus its news coverage on policies, their impact and how state government is working or not working.

by · 12/30/2016 · News
TOP FIVE:   From pensions and farmers to loans and guns

TOP FIVE: From pensions and farmers to loans and guns

Here are some stories in the news that impact South Carolina that you might have missed — state workers will have to pay more for retirement; how the strong dollar will impact farmers; students’ loan default rate; tougher gun law proposals; and how to diversify colleges.

by · 12/16/2016 · News, Top Five