SC Treasurer Curtis Loftis is holding up signing a $50 million investment check for the SC public pension fund until he receives confirmation in writing that the fees associated with the investment are the same as the SC Retirement System Investment Commission approved by recorded vote.
Loftis said, for years, commission attorneys have given verbal confirmation that the fees are the same as voted on. Reportedly, an email with this confirmation was sent to Loftis in this case.
However, the treasurer specifically requested a signed letter with that confirmation and, to date, he has been unable to get one. If the confirmation is accurate, why is it so difficult for Loftis to get written notice of that fact?
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