SC Retirement System Investment Commission

SC Retirement System Investment Commission is a government office in Columbia, SC, located at 1201 Main St FL 15. The commission manages the assets of the state's defined benefit plans to provide benefits and pay plan expenses for participants and beneficiaries. The RSIC manages these assets solely in the interest of the beneficiaries, with a mission to provide a secure future for them.

The commission's investment approach focuses on managing a risk-focused and diversified portfolio while prudently managing costs and fees. Since July 1, 2020, the RSIC has utilized a simplified Policy Portfolio consisting of five asset classes. This mix of assets is intended to produce the investment returns necessary to support benefit payments for current and future retirees. The agency staff manages the mix of assets to respond to changing market and economic conditions.

Pension fund investments are managed by the RSIC agency team and the Commission governing body, supported by external managers and industry-leading consultants such as Cerity Partners and Albourne America, LLC. The commission also works with BNY Mellon for custodial banking relationships. While the RSIC has exclusive authority to manage and invest the assets held in trust for the Retirement System, other fiduciaries and trustees maintain oversight roles. The statutes governing the commission are located in Title 9, Chapter 16 of the SC Code of Laws.

The commission employs commissioners including Mr. William H. (Bill) Hancock, CPA, who serves as chair and has over 30 years of experience in financial and accounting services, and Mrs. Melissa B. (Missy) Schumpert, CPA. The RSIC publishes annual investment reports, including CAFR and ACFR documents, and maintains fee transparency and proxy voting records. The commission is accessible by phone at 803.737.6885 during office hours from Monday to Friday, 8:30 A.M. to 5:00 P.M.

The SC Retirement System Investment Commission provides asset management for state defined benefit plans in Columbia, SC.

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Services:

• Defined Benefit Plan Management
• Fee Transparency
• Investment Reporting and Transparency
• Portfolio Allocation and Management
• Proxy Voting Services