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 will 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. It will seek superior long-term investment results at a reasonable level of risk.
Vision
The vision of the Commission is to be a world class investment organization that pursues strategies that contribute positively to the financial health of the South Carolina Retirement Systems.
Values
The vision of the Commission is to be a world class investment organization that pursues strategies that contribute positively to the financial health of the South Carolina Retirement Systems.
Integrity
The Commission will conduct itself with integrity by upholding the highest standards of fiduciary responsibility on behalf of the Retirement Systems, participants and beneficiaries.
Accountability
The Commission will be accountable to the Retirement Systems, participants, and beneficiaries for its ethical conduct and for compliance with its fiduciary responsibilities through a commitment to industry best practices of credibility, stewardship, and transparency.
Empowerment
The Commission will encourage constituents at all levels to make decisions consistent with the organization’s policies, goals, and objectives.
Innovative
The Commission will use creative and independent thinking in its analyses, engagement processes, and decision making to develop evolving investment practices and strategies that integrate the values, goals, and mission of the organization.
Collaborative
The Commission will pursue the goals of openness, teamwork, equality, and relationship building to formulate strategies, increase performance, and maximize knowledge transfer for the benefit of the plan.
Strategic Planning Goals
I: Develop and Execute Major Investment Portfolio Initiatives
II: Develop and Implement Specific Governance Policies
III: Improve and Standardize Due Diligence Processes
IV: Improve Reporting Processes
V: Develop Efficient and Effective Workforce
VI: Create Efficient and Effective Facilities
VII: Perform Feasibility Study and Prepare Recommendations for Long-term Organizational Structure