South Carolina Public Employee Benefit Authority

South Carolina Public Employee Benefit Authority (PEBA) is a government and insurance startup with the slogan "Serving those who serve South Carolina". Established in 2012, PEBA was created by the South Carolina General Assembly as part of Act No. 278. Responsible for administering and managing the state's employee insurance programs and retirement systems, PEBA is governed by an 11-member board of directors.

PEBA is an amalgamation of the former Employee Insurance Program and South Carolina Retirement Systems divisions of the S.C. Budget and Control Board. Notably, the South Carolina Retirement System (SCRS), the largest of the state's pension plans for public employees, was founded in 1945, while the State Health Plan, covering most of the state's public employees, came into existence on July 1, 1972.

Despite the lack of specific information regarding its headquarters and recent investments, PEBA's unique positioning within the government and insurance industries makes it a noteworthy player in the state's public employee benefits landscape.