Large Public Pension Plan of the Year
Institutional Investor Magazine, Information Management Network, and Money Management Letter have collectively named the South Carolina Retirement Systems as the "Large Plan of the Year" for 2009 for its sweeping reform efforts and leading edge design implementation over the past three years.
Read the full article at Money Management Letter
Mission
The South Carolina Retirement System Investment Commission (Commission) shall fulfill its fiduciary responsibility by prudently managing all assets held in trust for the sole benefit of the participants and beneficiaries of the South Carolina Retirement Systems (Retirement System). We shall seek superior long-term investment results at an acceptable level of risk.
Vision
To accomplish this Mission, the Vision of the Commission shall be to:
- set investment Objectives and Policies;
- create an investment strategy;
- establish a disciplined investment process;
- implement the strategy and investment process in accordance to Policy;
- engage in attentive management and monitoring of performance;
- seek to obtain high risk-adjusted alpha relative to appropriate benchmarks;
- strive for low and reasonable investment expense;
- assist the Budget and Control Board in projecting achievable long-term rates of return;
- assist with education on investment matters; and
- provide for open decision making and transparency of the decision making process;
Our results will be subject to constraints imposed by law, prudent investment management, and the performance of money and capital markets over 20- to 30- year periods