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McMaster signs pension overhaul

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By Greg Summers

Gov. Henry McMaster signed a controversial bipartisan pension-reform bill Tuesday that will pump money into the state pension system to ensure that state and local government retirees will get what they’ve been promised.
The S.C. House approved the bill in late February, and the state Senate approved it April 5. McMaster had until midnight Tuesday to sign the bill into law.
While the legislation does prop up the state’s in-the-hole pension plan, McMaster called it only the first step, noting that more must be done.


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