South Carolina Public Employee Benefit Authority (PEBA) Retirement Benefits produces more than benefits-related information. Below you will find links to our annual financial reports and actuarial valuations, legislative updates, accounting and financial reporting information, and a link to the South Carolina Retirement System Investment Commission’s website.
Current Financial Information
Financial Statements (FYE14)
Comprehensive Annual Financial Report (FYE14)
Browse CAFR by Section
Popular Annual Financial Report (FYE14)
Pension Fund Audit Disclosure (FYE14)
Pension Disclosure June 30, 2014, Measurement Date
Annual Actuarial Valuations
PEBA Retirement Benefits is governed by Title 9 of the S.C. Code of Laws. The South Carolina General Assembly has the authority to make changes to the plans administered by PEBA. On the Legislative Information page, you will find updates and/or links to information of the General Assembly’s website, as retirement related legislation moves through the House of Representatives and Senate.
Accounting Information (GASB)
PEBA Retirement Benefits adheres to multiple accounting and financial reporting standards. Among these are standards promulgated by the Governmental Accounting Standards Board (GASB). On June 25, 2012, GASB approved two new pension standards, Statement No. 67, Financial Reporting for Pension Plans and Statement No. 68, Accounting and Financial Reporting for Pensions. These statements change the way public pension plans calculate and report the costs and obligations of the plans and would require employers participating in the plans to report in their financial statements their share of the pension plan costs and obligations. For more information, go to our Accounting and Financial Reporting Resource Center.
The South Carolina Retirement System Investment Commission is responsible for investing and managing all assets of the South Carolina Retirement Systems. The Commission is a standalone agency comprised of a six-member Commission and a staff of investment professionals. Visit the Commission’s website for more information, including investment performance reports.