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By David Keene
Allowing states to innovate could reduce dependency on bureaucracy
Topic - Curtis M. Loftis, Jr.
Treasurer Curtis Loftis' primary opponent says the first-term Republican is a hypocrite for appearing in the same kind of TV ads he hammered his predecessor on in 2010.
The agency investing South Carolina's pension portfolio doesn't overpay in investment fees but rather reports those fees more thoroughly than any other public pension fund in the nation, according to an external audit released Tuesday.
A Senate panel recommended Tuesday adding members to the board that invests South Carolina's pension portfolio to help ease public employees' concerns about how their retirement money's being handled.
The chief operating officer of the agency that invests South Carolina's pension portfolio asked legislators Tuesday to somehow end hostilities between the agency and state Treasurer Curtis Loftis that are harming the fund.
The State Ethics Commission has dismissed conflict-of-interest allegations against the chairman of the South Carolina agency that invests public workers' pension money.
Chellis "found the holy grail of politics, free statewide television ads," Loftis said.
That difference is also how Loftis explains withholding part of the contract.