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It has been revealed that the S.C. Retirement System Investment Commission has been failing to serve the interests of the retirees of South Carolina.
This pension board pays the highest percentage of fees in the country, which ultimately could cost both retirees and taxpayers.
Last year alone, South Carolina spent $420 million in fees, which is three times the national average. These fees, say the commissioners, are to have higher quality investments that will help the state.
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