What happens when a newly elected South Carolina official tries to bring openness and accountability to the management of the state’s retirement system investment commission?
He finds himself in the news after “documents” are leaked, to the Associated Press, in which a possible “pay to play” scheme is mentioned and a SLED investigation is requested by the SC Attorney General’s office.
Looking at it another way, S.C. Treasurer Curtis Loftis finds himself in a political knife fight for trying to buck South Carolina’s “good ol’ boy” system.
Loftis has been a critic of the management of the state’s pension fund for much of his 13 months as treasurer. On January 31, 2012, Loftis outlined problems associated with the pension fund during testimony to the Senate Finance Retirement Committee.