The little number at root of big problem

By RICHARD ECKSTROM
Posted 6/23/19

Seven and a quarter percent.

That's the official "assumed rate of return" for South Carolina's retiree pension system. In other words, state officials tell us the system should expect to earn 7.25 percent on its assets for decades to …

This item is available in full to subscribers

Subscribe to continue reading. Already a subscriber? Sign in

Local reporters bringing you local news. Stay in the know about all things Sumter.

You can cancel anytime.