SC Pension Commissioners : Treasurer Curtis Loftis "Bullied And -

SC Pension Commissioners : Treasurer Curtis Loftis "Bullied And Threatened" Staff

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SC Treasurer Curtis Loftis accused of bullying staff members SC Treasurer Curtis Loftis accused of bullying staff members
COLUMBIA, S.C. - Just two days after South Carolina Treasurer Curtis Loftis told 7 On Your Side about what he thought were wasted fees and poor returns on the state's $25 Billion pension fund, a special called meeting of the Retirement System Investment Commission discussed an "anti-bullying" policy directed at Loftis.

The commission released a statement saying Loftis bullied staff with "vulgar language and threats".

In the statement, the commission said it was "placed in this position due to the completely unacceptable actions of one commissioner."

After the meeting, commission Chief Operating Officer Darry Oliver resigned and was replaced by former State Senator Greg Ryberg.

Lofits left the meeting as the chairman began to discuss a phone call, which he said took place September 30th, in which Loftis used foul language and intimidation against Oliver.

The commission statement said it regretted the loss of Mr. Oliver but "we completely understand his unwillingness to suffer further abuse."

After leaving the meeting, Loftis issued his own statement saying it was Oliver who threatened him saying, "I'm coming after you with everything I have."

Loftis called the meeting a "manufactured controversy".

Loftis was censured in February for what the commission called "similar behavior".

To see the entire video of the meeting, click here.  Warning : there is foul language in the video.

To see 7 On Your Side's other coverage of the commission's fees from earlier in the week, click here.
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