South Carolina Retirement Systems
public plan · State of South Carolina · Columbia, SC
ACTIVE
F
Pension Health Score
34/100
Funding Status54% Funded
0%80% threshold100%
$39.2B
Total Assets
$72.9B
Total Liabilities
$33.7B
Unfunded Liability
595,738
Participants
Funding History
What This Means for You
South Carolina Retirement Systems is significantly underfunded at 54%, with $33.7B in unfunded liabilities affecting 595,738 participants. Plans at this funding level face difficult choices: raising contributions substantially, reducing future benefit accruals, or in extreme cases, applying for benefit suspensions. Public plans cannot declare bankruptcy, but severe underfunding may lead to reduced cost-of-living adjustments or increased employee contributions. If you are a participant, it is important to understand your options and consider diversifying your retirement income sources.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $39.2B | $72.9B | 53.7% | $2.7B |
| 2024 | $37.0B | $65.2B | 56.8% | $2.7B |
| 2023 | $37.0B | $72.2B | 51.2% | $3.5B |
| 2022 | $33.7B | $71.2B | 47.4% | $2.5B |
| 2021 | $33.5B | $53.4B | 62.7% | $2.3B |