Case Against SC Pension Chair Nixed

12:38 PM, Feb 11, 2014   |    comments
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Associated Press

COLUMBIA, S.C. (AP) - The State Ethics Commission has dismissed conflict of interest allegations against the chairman of the South Carolina agency that invests public workers' pension money.
The ethics panel found no evidence that Chairman Reynolds Williams used his position to influence the Retirement System Investment Commission's 2011 decision to invest in a company Williams' law firm represents.
The panel's decision notes Williams left a meeting early, before his fellow commissioners voted, and recused himself in a statement. However, the panel says Williams allowed the appearance of impropriety by attending a meeting and receiving progress emails.
The decision ends state investigations into Williams. Attorney General Alan Wilson dropped his criminal probe last October.
The investigations were requested by Treasurer Curtis Loftis, a fellow investment commissioner who publicly feuds with Williams.

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