South Carolina Public Employee Benefit Authority

The South Carolina Public Employee Benefit Authority (PEBA) is the state agency responsible for the administration and management of the state’s employee insurance programs and retirement systems for South Carolina’s public workforce. PEBA administers insurance benefits to more than 543,000 members, and more than 695,000 public employees are covered by the five defined benefit retirement plans. An additional 66,000 members participate in the State Optional Retirement Program (State ORP), and nearly 100,000 participate in the supplemental Deferred Compensation Program (Deferred Comp). PEBA disburses more than $4 billion in retirement benefits and more than $3.6 billion in insurance claims expenditures each year.