South Carolina Pension Investment Commission Names New Executive Director

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The South Carolina Retirement Investment Commission hopes it has found long-term leadership with its newest hire today.

The Commission, which oversees the state’s pension investments, has hired Michael Hitchcock to be its executive director. As reported by the Associated Press:

For the second time in three months, the agency investing South Carolina’s pension portfolio has named an executive director.

The Retirement Systems Investment Commission voted 4-2 on Tuesday to hire Michael Hitchcock, who takes the job Sept. 8. Hitchcock has been the chief attorney and assistant clerk of the South Carolina Senate since 2001. His salary will be $230,000.

Pension360 had previously covered the resignation of Sarah Corbett, who became executive director on June 3 but resigned from the position after two months.

Previous to Corbett, the Commission didn’t have an executive director position. It created the position last Spring.

The Commission manages nearly $30 billion worth of assets

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