(AP) -- Experts are scheduled to brief South Carolina senators on a long-term shortfall for the South Carolina Retirement System.
Projections show the main pension plan for the state's public employees and teachers has a more than $17 billion gap between money on hand and what it is required to pay current and future retirees.
A state Senate panel will hear details on Wednesday of the funding problems and recommendations on how much the state can expect to earn from investments in the future.
State Sen. Thomas Alexander is the panel's co-chairman and expects to have legislation prepared by January to change the system.
Comptroller General Richard Eckstrom expects some benefits will need to be trimmed.
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