Independent Trusts for Public Employee Pension Plans
South Carolina Ballot Measure - Constitutional Amendment 2b
Election: General Nov. 4, 2008 (General)
Outcome: Failed
Categories:
Entitlements and the Safety NetConstitution
Employment and Affirmative Action
Summary
This amendment is the same as Amendment 2 except it applies to local governments' post-employment benefits (instead of the state government's post-employment benefits).
Measure Text
Must Section 16, Article X of the Constitution of this State relating to benefits and funding of public employee pension plans in this State and the investments allowed for funds of the various state-operated retirement systems be amended so as to provide that the funds of any political subdivision of this State that have been set aside for the funding of post-employment benefits for the political subdivision's employees, including those invested in independent trusts established for that purpose, may be invested or reinvested in equity securities of the type permitted for investment by the various state operated retirement systems, as provided for by the General Assembly?
Yes []
No []
Those voting in favor of the question shall deposit a ballot with a check or cross mark in the square after the word 'Yes', and those voting against the question shall deposit a ballot with a check or cross mark in the square after the word 'No'.
Resources
Official Summary
Full Text
Source