The South Carolina Public Employee Benefit Authority (PEBA), which was created July 1, 2012, is governed by an 11-member Board of Directors who supervises and directs the agency’s functions.

PEBA manages retirement plans for more than 600,000 people by serving as the fiduciary stewards of the contributions and disbursements of the pension trust funds. In partnership with the state’s public employers, PEBA helps ensure that the state’s public employers can offer their employees a comprehensive retirement plan that is responsive to their needs and is equitable to all stakeholders.

PEBA offers several insurance products/programs to more than 500,000 people (including spouses and dependents) throughout South Carolina. PEBA is responsible for the prudent fiscal stewardship of the funds and for helping to ensure that the State Health Plan remains an affordable yet comprehensive option.

More than 850 employer groups participate in PEBA retirement and/or insurance benefits programs including state agencies, public colleges and universities, public school districts, as well as optional employers such as counties and municipalities.