Our History

Effective October 1, 2005, the State Retirement System Preservation and Invest Reform Act ("Act 153") established the South Carolina Retirement System Investment Commission ("RSIC") and devolved fiduciary responsibility for all investments of the Retirement System upon the RSIC, which is a seven-member commission made up of financial experts, including the State Treasurer, the director of the Public Employee Benefit Authority, and a retired member of the Systems.

As the fiduciary, the RSIC is exclusively empowered to invest and manage all assets of the South Carolina Retirement Systems. The RSIC is committed to serving the best interests of the participants and beneficiaries of the Retirement System, and will continue to manage the assets of the portfolio in a prudent and transparent manner, seeking superior returns at acceptable levels of risk.