Press Release

"Public pensions must be more transparent, accountable." Curtis M. Loftis Jr.

Press Release: Loftis’ Statement on Employee Retirement Rate Hike

Columbia, SC – Today, I voted against a request from PEBA to the State Fiscal Accountability Authority to increase both employee and employer retirement contribution rates to the state pension fund by .5% effective July 1, 2017. The increases are a result of years of mismanagement of the South Carolina pension fund, and now has state and public employees contributing 9.16% of their pay towards future retirement benefits, which is 55% more than the national average. Public employees and taxpayers are going to pay more, when they are guilty of nothing but working hard and trusting their elected officials.

This increase is not going to fix the problem. At this rate, the pension issue is going to continue to grow, until it’s too big to fix. Pension increase should not be measured in money, but by how many teachers, policemen, firefighters, and other public employees are taken off the streets.

Lawmakers have tough choices when it comes to fixing the pension fund problem. They must make the pension system their top priority in January when session starts. The pension is the most significant challenge of our generation.

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State Treasurer Curtis Loftis Co-sponsors Cyber Security Summit

Columbia, SC – South Carolina Treasurer Curtis Loftis kicked off a gathering today of state and local government leaders, higher education administrators and bankers to discuss cyber security threats to the public and private sectors. Treasurer Loftis delivered opening remarks at the Cyber Security Summit along with co-sponsors Dr. Harris Pastides, president of the University of South Carolina, and Phil Smith, head of Government and Institutional Banking at Wells Fargo.

“Protecting the personal information and money of our state’s citizens must be our highest priority,” said Treasurer Loftis. “One of the things that I want to do is help make the people of South Carolina feel safer and more secure.”

The summit, held at USC’s MyAlumni Center in Columbia, was designed to build awareness of local and global cyber security threats and share information on how organizations can mitigate their cyber risk. The event featured presentations from experts at USC’s SC Cyber initiative and global security company Palo Alto Networks as well as information from attorneys who specialize in cyber security issues.

“A year ago we launched SC Cyber and formed essential public and private partnerships,” said Dr. Pastides. “Our goal was and is to advance our state’s reputation as a place where cyber security is understood, practiced and advanced.”

Treasurer Loftis added, “I appreciate that Dr. Pastides joined me in sponsoring the Cyber Security Summit to bring more attention to this important issue.”

The Cyber Security Summit was co-sponsored by the State Treasurer’s Office, SC Cyber, Wells Fargo and Palo Alto Networks. Presenters included Thomas Scott, executive director of SC Cyber; General Les Eisner, deputy director of the Office of Economic Engagement at USC; Rick Howard, chief security officer at Palo Alto Networks; Chris Swecker, attorney and former assistant director at the Federal Bureau of Investigation and David Furr, partner at Gray, Layton, Kersh, Solomon, Furr & Smith, P.A.

Press Release: American Execs Tried To Cut Off Al Qaeda Funding Pre 9/11

The news media is filled with reports that the “Saudi kingdom’s involvement was deliberately covered up at the highest levels of our government. And the cover-up goes beyond locking up 28 pages of the Saudi report in a vault in the US Capitol basement. Investigations were throttled. Co-conspirators were let off the hook.” Fox News, Huffington Post, Miami Herald, New York Post, Sarasota Herald-Tribune.

Beyond the contents of the 9/11 report allegedly implicating Saudi involvement in the funding of al Qaeda, is the documented information on how the United States Justice Department’s vaunted NCIC system was used in the attempted murder of United States business executives who were unwittingly shutting off Saudi funding to al Qaeda. For the past fifteen years, the surviving business executives have spent their lives to get to the truth of why they were targeted and why the United States Justice Department was actively involved in protecting the perpetrators.

During the fifteen years, they have uncovered links and concrete irrefutable documentation of the involvement of an Assistant Director of the FBI, the office of United States Senator Lindsey Graham, the United States Justice Department, the head of the South Carolina Law Enforcement Division (SLED) and a Director in the Office of Homeland Security. The internal documents from the individuals and/or the agencies involved detail how these individuals’ lives were destroyed by illegal actions of the government under the guise of National Security to keep the secret of the Saudi financial involvement in 9/11 from the American public.

Millions of dollars of government funds were used and are still being used to stop this action from reaching a truly independent review in Federal District Court. The local political and geopolitical interest supersedes the rights guaranteed by the United States Constitution because of the perceived impact of exposing documentation of both our governments’ actions against the public to protect Saudi interests tied to the funding of the attack on the United States on September 11, 2001 and the Saudis funding 9/11.

Curtis M. Loftis Jr., South Carolina’s treasurer

Fixing the SC Public Retirement System

It appears the SC General Assembly is finally realizing major work must be done to save the SC public retirement system.

This realization comes in the aftermath of a SC Legislative Audit Council report on the SC Retirement System Investment Commission (SCRSIC). “The LAC’s report reveals that our retirement and pension system’s longevity is in jeopardy and in need of immediate effective adjustments,” said SC House Speaker Jay Lucas.

What is bothersome is Lucas’ next quote attempting to take credit for discovering the deficiencies within the system: “Without the initiation of this report, we might not know the truly delicate state of South Carolina’s pension system. Although its findings reveal significant flaws and deficiencies, it gives the General Assembly a starting point to offer assistance to the RSIC by helping them institute corrective measures that will put South Carolina’s pension plan on a path to solvency,” Lucas said.

The LAC report called the retirement system “significantly underfunded” and that “it underreported risk” of its investments. It called for improvement in controlling conflicts of interest and pointed out the high fees paid and the low rate of return earned on its investments.

These are exactly the same criticisms SC Treasurer Curtis Loftis has leveled at the SCRSIC since taking office in 2011.

PR: House Begins Flood Recovery Response

FOR IMMEDIATE RELEASE October 14, 2015 Contact: Caroline Delleney (803)734-3125 CarolineDelleney@schouse.gov   House Begins Flood Recovery Response Ways and Means Committee will Conduct Hearings to Initiate Process (Columbia, SC) – House Speaker Jay Lucas (District 65-Darlington) issued the following statement regarding the House’s plans to address the historic flood recovery. […]

PR: West Columbia to provide emergency water service

For Immediate Release: October 9, 2015 Contact: Mayor Joe Owens City of West Columbia 803-939-8612 The City of West Columbia Assists the City of Columbia to Provide Water Service West Columbia – Mayor Joseph W. “Joe” Owens announced Friday he has received and approved a request from Columbia Mayor Steve Benjamin […]

PR: UWay of Greenville Contributes $100k #SCFloodRelief

FOR IMMEDIATE RELEASE October 6, 2015 Contact: Andersen Cook 803.608.9324 andersen.cook@uwasc.org United Way of Greenville County contributes $100,000 for S.C. flood disaster recovery Allocation will help affected communities through United Way Association of South Carolina’s flood recovery fund. Columbia, S.C. — United Way of Greenville County is contributing $100,000 on […]

PR: SCAM ALERT: Avoid Fraudulent Charities

In response to the devastation of the recent flood, many South Carolinians are searching for ways to help victims. The SC Department of Consumer Affairs and Secretary of State Mark Hammond advise consumers to be on the lookout for fake charities in the coming weeks.