Lake Murray

PEBA



Visit PEBA

The five defined benefit plans that make up the Retirement System are administered by the Public Employee Benefits Administrator (PEBA). The RSIC and PEBA work together to pay beneficiaries as PEBA is the administer of the defined benefit plans, taking in contributions and making disbursements, while the RSIC manages the assets through investments.


Defined benefit plans

PEBA administers a fixed monthly annuity based on a formula that includes your years of service, earnable compensation and a benefit multiplier. The defined benefit plans are:

Defined Contribution Plan

An alternative to the defined benefit plans is the State Optional Retirement Program (State ORP), a defined contribution retirement plan.

While the RSIC manages the assets of the five defined benefit plans and PEBA administers the benefits, the RSIC does not manage the State ORP. The defined contribution plan is administered by PEBA.

Contact Information

PEBA
202 Arbor Lake Drive
Columbia, SC 29223
803.737.6800 | 888.260.9430