COLUMBIA (AP) — Officials hope an agreement between state Treasurer Curtis Loftis and the board that invests South Carolina’s pension money brings an end to the public rancor between them.
The agreement allows Loftis’ staff to review confidential information on investment deals — access he’s demanded for more than a year.
As treasurer, Loftis sits on the Retirement System Investment Commission. He’s had full access to documents, as did other commissioners and the commission’s staff. But Loftis wanted his office’s legal and financial professionals to review the documents.
Previous attempts to resolve the issue failed. The mistrust led to an unprecedented lawsuit at the state Supreme Court.
Loftis says the agreement he signed last week resolves most of the dispute.
Commission chief operating officer Darry Oliver calls the solution a win for retirees.