Tag: Budget & Control Board

Federal Tort Claims Lawsuit Against Horry County Moves Forward

Federal Tort Claims Lawsuit Moves Forward

A federal tort claims lawsuit, with Horry County and former Horry County Police Department Chief Johnny Morgan included as defendants, is moving forward in Florence federal district court as discovery and depositions are scheduled later this month.

The suit stems from allegations of fraud on the court under color of law by HCPD officers, SLED agents and FBI agents, among others. The suit alleges personnel of these agencies conspired to withhold evidence, commit perjury and commit other unlawful acts in order to influence the outcome of a previous federal lawsuit, thereby violating the civil rights of the plaintiffs.

An extraction, by plaintiff James Spencer, from the initial notice of the federal tort claims suit reads:

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

Better Oversight, More Transparency Required

“The treasurer has a legitimate concern. He has the right, if he is putting his signature on there, to have staff to give him confidence that what he is doing is right for the people of the state.” Governor Nikki Haley

Better oversight and more transparency of investment decisions for the state’s $25 billion pension fund may result from a vote taken by the S.C. Budget and Control Board Thursday.

The board, chaired by Gov. Nikki Haley and including Treasurer Curtis Loftis, Comptroller General Richard Eckstrom, Senate Finance Committee Chairman Hugh Leatherman and House Ways and Means Committee Chairman Brian White as members, unanimously (5-0) approved a motion by Loftis to “hire a counsel to determine the fiduciary and statutory responsibilities of all trustees, custodians and commission members” with regard to investment decisions and contracts of the pension fund.

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Nikki Haley's PEBA and Bigger Government - S.C. Hotline

Nikki Haley’s PEBA and Bigger Government

The proposed overhaul of state government and the end of the Budget and Control Board ended Thursday at 5p.m. While Gov. Nikki Haley didn’t get the streamlining of government that she supposedly was pushing, she did manage to add a level of bureaucracy in the form of the Public Employee Benefit Authority.

Established as part of an overhaul of the state retirement system, the PEBA adds a new level of bureaucracy in the form of an 11 member board that is required to meet once a month and where each member is paid $1,000 per month for this one day meeting.

Added to the S.C. Retirement System Investment Commission and the S.C. Budget and Control Board, who also have their hands in at least part of public employee benefits, the PEBA doesn’t make a lot of sense to us.

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