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      SC's pension investment agency hires new director

      By SEANNA ADCOXAssociated Press

      COLUMBIA, S.C. (AP) - 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.

      Hitchcock takes over from Sarah Corbett, a 15-year agency employee who was promoted to the new position June 3. She resigned earlier this month.

      Creating the post was among the recommendations Funston Advisory Services made last spring. The job overseeing the entire agency eliminated the role of chief operating officer. Former Sen. Greg Ryberg had held that job since last October, when Darry Oliver resigned after seven months.

      Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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