SC amendment ballot questions

Text and explanation of the three proposed state amendments

Here is the text of the three constitutional amendments on South Carolina's ballot in 2008, along with explanations of the proposals from the South Carolina State Election Commission:

AMENDMENT 1:

Must Section 33, Article III of the Constitution of this State be amended so as to delete the provision that no unmarried woman shall legally consent to sexual intercourse who shall not have attained the age of fourteen years?

Explanation:

This amendment deletes the section of the Constitution which says an unmarried woman must be fourteen years old or older in order to consent to sexual intercourse. Deleting this section would allow the state Legislature to set the age of consent. Currently, the state legislature has the age of consent set at sixteen for most cases. A "yes" vote would delete the section from the Constitution and let the state Legislature set the age of consent. A "no" vote would leave the section of the Constitution in place.

AMENDMENT 2:

Must Section 16, Article X of the Constitution of this State relating to benefits and funding of public employee pension plans in this State and the investments allowed for funds of the various state-operated retirement systems be amended so as to provide that the funds of any trust fund established by law for the funding of post-employment benefits for state employees and public school teachers may be invested and reinvested in equity securities subject to the same limitations on such investments applicable for the funds of the various state-operated retirement systems?

Explanation:

"Post-employment benefits" are benefits, mainly health insurance, provided to eligible state government and school district retirees. To comply with a change in accounting standards, the state has created trust funds to pay for these post-employment benefits. This amendment relates to how the money in these trust funds may be invested. A "yes" vote would give the state government the option to invest these funds in equity securities (stocks). A "no" vote would mean that state government is not allowed to invest these funds in any kind of equity securities (stocks).

AMENDMENT 3:

Must Section 16, Article X of the Constitution of this State relating to benefits and funding of public employee pension plans in this State and the investments allowed for funds of the various state-operated retirement systems be amended so as to provide that the funds of any political subdivision of this State that have been set aside for the funding of post-employment benefits for the political subdivision's employees, including those invested in independent trusts established for that purpose, may be invested or reinvested in equity securities of the type permitted for investment by the various state operated retirement systems, as provided for by the General Assembly?

Explanation: This amendment is the same as Amendment 2 except it applies to local governments' post-employment benefits (instead of the state government's post-employment benefits).

-Associated Press