{"id":10308,"date":"2014-05-21T20:12:13","date_gmt":"2014-05-22T01:12:13","guid":{"rendered":"http:\/\/www.kevinbryant.com\/?p=10308"},"modified":"2014-05-21T20:12:40","modified_gmt":"2014-05-22T01:12:40","slug":"opeb-constitutional-amendment-hearing-2014-05-22","status":"publish","type":"post","link":"https:\/\/www.kevinbryant.com\/kbarchive\/opeb-constitutional-amendment-hearing-2014-05-22\/","title":{"rendered":"opeb constitutional amendment hearing 2014.05.22"},"content":{"rendered":"<p style=\"color: #666666;\"><a href=\"https:\/\/i0.wp.com\/www.kevinbryant.com\/kbarchive\/wp-content\/uploads\/2011\/06\/hole1.jpg\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignright size-thumbnail wp-image-5186\" src=\"https:\/\/i0.wp.com\/www.kevinbryant.com\/kbarchive\/wp-content\/uploads\/2011\/06\/hole1-150x150.jpg?resize=150%2C150\" alt=\"hole\" width=\"150\" height=\"150\" \/><\/a>The South Carolina Senate\u00a0<span style=\"color: #000000;\">Finance Special Subcommittee to Review the Investment <\/span>will have a public hearing on s.1251 on Thursday 2014.05.22 immediately upon adjournment.<\/p>\n<p style=\"color: #666666;\"><a href=\"http:\/\/scstatehouse.gov\/sess120_2013-2014\/bills\/1251.html\" target=\"_blank\">s. 1251<\/a>\u00a0is a constitutional Amendment to allow the diversification of an unfunded liability approaching $10 billion. opeb stands for other post employment benefits. This is healthcare expenses that South Carolina is contractually bound to provide for retired state employees. It is on a down hill course as the unfunded debt will grow even further unless we repair this fund.<\/p>\n<p style=\"color: #666666;\">Last year, the opeb gained a mere 1.9%. Compare to the SCRIS\u2019s (South Carolina Retirement Investment Commission) investments gained 10%. OPEB is constitutionally bound to only be invested in bonds. When these healthcare costs for state retirees climb, and opeb is empty, guess who pays then? Every South Carolina Taxpayer.<\/p>\n<p style=\"color: #666666;\">This is a critical issue, and hopefully, we can pass it this year.<\/p>\n<p style=\"color: #666666;\">S 1251 Joint Resolution, By Bryant, Campsen, Lourie, Cleary, Leatherman, Bennett, Alexander, Cromer, Campbell, Grooms, Hembree, Young, Turner, S. Martin and Fair<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The South Carolina Senate\u00a0Finance Special Subcommittee to Review the Investment will have a public hearing on s.1251 on Thursday 2014.05.22 immediately upon adjournment. s. 1251\u00a0is a constitutional Amendment to allow the diversification of an unfunded liability approaching $10 billion. opeb stands for other post employment benefits. This is healthcare expenses that South Carolina is contractually [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":{"0":"post-10308","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-uncategorized","7":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2gEQ0-2Gg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/posts\/10308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/comments?post=10308"}],"version-history":[{"count":2,"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/posts\/10308\/revisions"}],"predecessor-version":[{"id":10310,"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/posts\/10308\/revisions\/10310"}],"wp:attachment":[{"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/media?parent=10308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/categories?post=10308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/tags?post=10308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}