SC Senate Finance Retirement Systems Subcommittee February 10, 2026

Senate Finance Subcommittee · February 10, 2026

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27:24

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5:00

10:00

15:00

20:00

25:00

Opening and agenda

Presentation

0:01 → 0:27(26s)

Chair opened the subcommittee, announced two bills on the agenda (one on political subdivision investments, one on state benefits forfeiture), and asked staff (Amanda) to summarize the items.

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Two bills were considered: S420 to allow certain closed local retiree benefit trusts to invest in investment-grade U.S. corporate debt, and S734 to impose forfeiture of state retirement and health benefits for employees convicted or pleading guilty/nolo contendere to crimes involving minors or child sexual-abuse material (including AI-generated material). S420 was amended and given a favorable report to the full committee; S734 was carried over for further information and work.

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Transcript

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