PEBA sponsors and manages the retirement plans for South Carolina's public workforce. In partnership with the state's public employers, we help ensure that public employers can offer their employees a comprehensive retirement plan that is responsive to their employees' needs and is equitable to all stakeholders. Information about the retirement plans we administer is located here.
PEBA’s Board of Directors and agency staff take the fiscal stewardship of the funds with which we have been entrusted very seriously, and we are committed to excellence, efficiency and transparency. While we administer the retirement plans, taking in contributions and making disbursements, PEBA does not manage the money in the public pension trust funds.
The public pension trust funds are managed and invested by another state agency, the South Carolina Retirement System Investment Commission. PEBA’s executive director serves on the Commission.