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The South Carolina Public Employee Benefit Authority publishes documents on the agency mission of the administration and management of the state’s employee insurance programs and retirement systems.
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Publication Optional Retirement Program (State ORP) Participant Summary Report 1st Quarter 2024(South Carolina State Library, 2024-06-12) South Carolina Public Employee Benefit Authority; Captrust (Firm)This quarterly document shows a comparison of the state ORP investment menu, the menu performance summary and vendor fee comparisons.Publication 2024 Actuarial Experience Study for the Period Ending June 30, 2023(South Carolina State Library, 2024-06-26) South Carolina Retirement Systems; South Carolina Public Employee Benefit Authority; GRS Retirement ConsultingThis report includes a discussion of the recent experience of the System, it presents recommendations for updated actuarial assumptions and methods, and it provides information about the actuarial impact of these recommendations on the liabilities, contribution requirements, and the projected funding period. Section II of this report summarizes recommended changes. Section III contains findings and a more detailed analysis of recommendation for each actuarial assumption. The impact of adopting the recommendations on liabilities and contribution rates is shown in Section IV. Sections V through IX show a summary of the recommended assumptions for each System. Finally, Section X presents detailed summaries of the data and comparisons of the A/E ratios. This study pertains to the following plans: South Carolina Retirement System, Police Officers Retirement System, Judges and Solicitors Retirement System, General Assembly Retirement System, South Carolina National Guard Supplemental Retirement Plan.Publication Working retirees(South Carolina State Library, 2024-07-20) South Carolina Public Employee Benefit AuthorityAfter a member of the South Carolina Retirement Systems is terminated and has been retired for at least 30 consecutive calendar days, they may be hired by an employer covered by one of the retirement systems PEBA administers and continue to receive a retirement benefit, subject to the applicable earnings limitation (and any exceptions to that limit).Publication State Health Plan Insured Lives as of June 2024(South Carolina State Library, 2024-06-03) South Carolina Public Employee Benefit AuthorityThis map shows the number of state employees insured by PEBA broken down by county.Publication Covered Employer Procedures Manual Fiscal year 2025(South Carolina State Library, 2024-05-19) South Carolina Public Employee Benefit AuthorityThe Covered Employer Procedures Manual is designed to familiarize benefits and payroll personnel of employers covered by the South Carolina Retirement System, State Optional Retirement Program and the Police Officers Retirement System with PEBA’s policies and procedures, and to facilitate the administration of retirement benefits. The manual is divided into sections based on related topics and materials that are identified by section title.Publication State of South Carolina Public Employee Benefit Authority Retiree Health Care Plan : GASB Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions as of June 30, 2023(South Carolina State Library, 2023-06-30) Gabriel Roeder Smith & Company; South Carolina Public Employee Benefit AuthorityThis report provides information on behalf of the State of South Carolina Public Employee Benefit Authority (PEBA) in connection with the Governmental Accounting Standards Board (GASB) Statement No. 75 “Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions.”Publication State of South Carolina Public Employee Benefit Authority Basic Long-Term Disability Income Plan GASB Statement No. 75 Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions as of June 30, 2023(South Carolina State Library, 2023-06-30) South Carolina Public Employee Benefit AuthorityThis report provides information on behalf of the State of South Carolina Public Employee Benefit Authority (PEBA) in connection with the Governmental Accounting Standards Board (GASB) Statement No. 75"“Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions" for the Basic Long-Term Disability Income Plan.Publication Retiree Health Care Plan GASB Statement No. 74, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans(South Carolina State Library, 2023-10-10) Gabriel Roeder Smith & Company; South Carolina Public Employee Benefit AuthorityThis report provides information on behalf of the State of South Carolina Public Employee Benefit Authority (PEBA) in connection with the Governmental Accounting Standards Board (GASB) Statement No. 74 "Financial Reporting for Postemployment Benefit Plans other than Pension Plans."Publication State of South Carolina Public Employee Benefit Authority Basic Long-term Disability Income Plan GASB Statement No. 74, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans Actuarial Valuation as of June 30, 2022(South Carolina State Library, 2023-10-10) South Carolina Public Employee Benefit AuthorityThis report provides information on behalf of the State of South Carolina Public Employee Benefit Authority in connection with the Governmental Accounting Standards Board (GASB) Statement No. 74 “Financial Reporting for Postemployment Benefit Plans other than Pension Plans.” The actuarial valuation was performed as of June 30, 2022. Because GASB Statement No. 74 requires liabilities and assets to be reported as of the end of the fiscal year, update procedures were used to roll forward the total OPEB liability to June 30, 2023.Publication Audit report on the schedules of employer and nonemployer allocations, schedules of pension amounts by employer, and related notes South Carolina Retirement System and Police Officers Retirement System Fiscal Year Ended June 30, 2023(South Carolina State Library, 2023-06-30) South Carolina Public Employee Benefit Authority; Crowe LLPThis is an audit of employer and nonemployer allocations of the South Carolina Retirement System and Police Officers Retirement System, as administered by the South Carolina Public Employee Benefit Authority in accordance with accounting principles generally accepted in the United States.Publication Optional Retirement Program (State ORP) participant summary report 4th quarter 2023(South Carolina State Library, 2024-03-07) South Carolina Public Employee Benefit Authority; Captrust (Firm)This quarterly document shows a comparison of the state ORP investment menu, the menu performance summary and vendor fee comparisons.Publication 50-state survey(South Carolina State Library, 2024-02-23) South Carolina Public Employee Benefit AuthorityThe South Carolina Public Employee Benefit Authority solicits and gathers information from across the nation regarding the premiums that public employers and employees are paying for health insurance.Publication Resumen del seguro 2024(South Carolina State Library, 2024-12-24) South Carolina Public Employee Benefit AuthorityThe annual insurance summary, printed in Spanish, provides a concise overview of state employees' insurance benefits.Publication 2024 life insurance overview(South Carolina State Library, 2024-01-24) South Carolina Public Employee Benefit AuthorityThis is important information about Optional Life and Dependent Life insurance coverage. Eligible, newly hired employees can enroll in life insurance within 31 days from their date of hire. Employees can apply throughout the year or within 31 days of a special eligibility situation.Publication MUSC group health benefits plan for employees of the Medical University of South Carolina, the Medical University Hospital Authority, and other participating entities(South Carolina State Library, 2024-01-01) South Carolina Public Employee Benefit AuthorityThis explains the health benefits plan for MUSC and the Medical University Hospital Authority.Publication Group health benefits plan of the employees of the state of South Carolina, the public school districts, and participating entities(South Carolina State Library, 2024-01-01) South Carolina Public Employee Benefit AuthorityThis describes the group health plan for school district employees.Publication Group dental insurance benefit plan for South Carolina public employees, active and retired(South Carolina State Library, 2024-01-01) South Carolina Public Employee Benefit AuthorityThis document explains the group dental plan for South Carolina state employees.Publication Flexible benefits plan for employees of the State of South Carolina and optional employers(South Carolina State Library, 2024-01-01) South Carolina Public Employee Benefit AuthorityThis Flexible Benefits Plan for the Employees of the State of South Carolina and Local Subdivisions is a complete amendment and restatement of the Plan, effective as of January 1, 2024, except as otherwise provided. The purpose of the Plan is to provide eligible employees of the State of South Carolina and participating local subdivisions the ability to design a package of benefits that fits their individual needs on a favorable tax basis.Publication Insurance coverage for the Medicare-eligible member 2024(South Carolina State Library, 2023-12-06) South Carolina Public Employee Benefit AuthorityThis insurance benefits guide contains an abbreviated description of insurance benefits provided by or through the South Carolina Public Employee Benefit Authority. The Plan of Benefits documents and benefits contracts contain complete descriptions of the health and dental plans and all other insurance benefits.Publication South Carolina Retirement System (SCRS) actuarial valuation report as of July 1, 2023(South Carolina State Library, 2023-07-01) Gabriel Roeder Smith & Company; South Carolina Public Employee Benefit AuthorityThis report describes the current actuarial condition of the South Carolina Retirement System, determines the unfunded liability and the calculated funding period based on the scheduled employer and member contribution rates, as well as analyzes changes in the System’s financial condition. In addition, the report provides various summaries of the data.