South Carolina Public Employee Benefit Authority (PEBA) administers the retirement plans for employees of state agencies, public higher education institutions, public school districts, charter schools and other local subdivisions of government that participate in PEBA retirement benefits.
South Carolina Retirement System (SCRS)
State Optional Retirement Program (ORP)
SCRS is a defined benefit plan. In a defined benefit plan, the plan provides a monthly benefit at retirement based on a predetermined formula rather than basing your benefit on your account balance. The formula includes your average final compensation, years of service and a 1.82% benefit multiplier. The plan bears all the risk for investment performance and ensures assets are available to pay benefits.
State ORP is a defined contribution plan. In a defined contribution plan, you choose how to invest your funds within the plan’s investment options. Your State ORP retirement benefit consists of the balance in your account when you retire, and you will not receive a monthly benefit from PEBA. With the State ORP, you bear the investment risk and longevity risk.
PEBA Retirement Contact Information
Visit the PEBA Office at:
202 Arbor Lake Drive
Columbia, SC 29223
Call PEBA at:
803-737-6800
888-260-9430
Email PEBA
Click HERE to submit online contact form
