Treasurer Dale R. Folwell, CPA, and the North Carolina Supplemental Retirement Plans Board of Trustees (Board) unanimously approved a 12-month waiver of its administrative fee at the regularly scheduled quarterly Board meeting held on Feb. 22, saving NC 401(k) Plan and NC 457 Plan (Plans) participants approximately $1.6 million over the next year.
Press Releases
$73 Million Financing for Mudcats Baseball Stadium in Wilson Among Other Items Approved by LGC
Presents Addiction Professionals of N.C. Check for Missing Money from NC Cash
Purchases NC Debt from Defunct Silicon Valley Bank at a Discount, Cancels It, Saving Taxpayers $11 Million
Also Requests Attorney General’s Office to Prioritize Officer-Involved Investigations at Crime Lab
Local Government Commission Approves Over $300 Million in Financing Requests
Parent Company Unilever, PLC, and its Subsidiaries Included in Action
New Chowan County High School Funding and Fremont-Eureka Utility Agreement Also Approved
I wish to congratulate newly appointed State Auditor Jessica Holmes and welcome her to the Council of State. The State Auditor and State Treasurer historically have worked productively on the Council of State, the Local Government Commission and through other activities and programs to determine what’s right, get it right, and keep it right for our taxpayers, communities and future. I look forward to working with State Auditor Holmes and continuing the tradition of cooperation for the betterment of North Carolina and its people.
I am saddened to learn of Charlie Munger’s passing. He has been called an investing genius, business titan, philanthropist, sharp-witted vice-chair of Berkshire Hathaway and Warren Buffett’s right-hand man. In the investment world he was legendary not only for helping Warren Buffett to build a powerful investment conglomerate revered globally, but as an influencer of decisions made by countless others. I first met Charlie and partner Warren Buffett in the early 1990s. Even though Charlie was a billionaire, we shared Southwest Airlines flights from time to time and traded handwritten notes.