Retirement Policy Committee Meeting Minutes
The committee reviewed the quarterly investment performance for defined contribution plans, including updates on the South Carolina Deferred Compensation Program and specific investment fund changes for the State Optional Retirement Program. Additionally, a quarterly plan summary for the Deferred Compensation Program was presented, covering statistics on enrollments, contributions, and distributions. The committee also received a service review from Corebridge Financial, which included an overview of State Optional Retirement Program assets, participant engagement, and information regarding a future corporate merger.