Rush to retirement by South Carolina State workers feared

Thousands of state workers could find themselves facing a life-changing decision later this month ”” whether to retire or not ”” and with less than a week to make it.

Lawmakers are poised to make major changes in the state’s Retirement Systems that would affect the more than 214,000 state and local government employees covered by that pension system.

State senators want some of the changes to take effect July 1.

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Posted in * Economics, Politics, * South Carolina, Economy, Labor/Labor Unions/Labor Market, Pensions, Personal Finance, Politics in General, State Government, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

One comment on “Rush to retirement by South Carolina State workers feared

  1. Archer_of_the_Forest says:

    Buying credits for years of service? What on earth kind of scheme is that?