State Treasurer Dale R. Folwell, CPA praised the Supplemental Retirement Board of Trustees for its recent decision to replace a money manager in the NC 401(k), NC 457 and NC 403(b) supplemental retirement plans. The move will save members who are invested in the fund over $4.2 million per year.At its September meeting, members of the Supplemental Retirement Board voted to replace the PIMCO Inflation Response Multi-Asset Fund in all three plans.
Press Releases
State Treasurer Dale R. Folwell, CPA announced today that the State Health Plan (Plan) will launch a new medical reimbursement strategy for North Carolina providers that care for Plan members. This effort is part of a longer term strategy to take advantage of the Plan's “largeness" to keep rising health care costs under control while promoting quality care, transparency and affordability.
State Treasurer Dale R. Folwell, CPA announced today that the State Health Plan's Open Enrollment period for the 2019 benefit year is set for Sept. 29-Oct. 31, 2018, with premiums frozen and a reduction in premiums in the UnitedHealthcare Medicare Advantage plans. Also, the Plan continues to reduce complexity with the online enrollment process, which only takes a member around 10 “clicks" to complete.
To view the entire provider contract, go to https://www.nctreasurer.com/Documents/UNCPricing.pdfThe State Health Plan, a division of the N.C. Department of State Treasurer, provides health care coverage to more than 727,000 teachers, state employees, current and former lawmakers, state university and community college personnel and their dependents, including non-Medicare and Medicare retirees.
State Treasurer Dale R. Folwell, CPA announced today that retired teachers, law enforcement officers and other public workers will save $3 million over the next two years on their dental and vision coverage. The N.C. Department of State Treasurer and Pierce Insurance completed a successful contract renegotiation with UnitedHealthCare that reduced premiums for 2019 and 2020.
State Treasurer Dale R. Folwell, CPA reported that the state pension fund posted overall gains of 7.3 percent for Fiscal Year 2017-2018. However, earnings to date for 2018 reflected only a 1.3 percent increase. The approximately $100 billion fund, known as the North Carolina Retirement Systems, is managed by the N.C. Department of State Treasurer.
State Treasurer Dale R. Folwell, CPA, announced today that the State Health Plan (Plan) will save $479,000 and improve tobacco cessation services for members by switching to CVS Caremark's MinuteClinic available at locations nationwide. CVS Caremark is currently the Plan's Pharmacy Benefit Manager.
State Treasurer Dale R. Folwell, CPA, through the State and Local Government Finance Division, announced today the issuance of approximately $400 million of voter-approved General Obligation Public Improvement (Connect NC) Bonds. The sale is the second of $2 billion approved in 2016 for universities, community colleges, local parks, infrastructure improvement and other projects.
The State Health Plan Board of Trustees and State Treasurer Dale R. Folwell, CPA announced today that premiums for individual and family coverage under the State Health Plan will not increase in 2019. In addition, the plan will not use any reserves to cover the freeze.
State Treasurer Dale R. Folwell, CPA announced today that he has recommended to the State Health Plan Board of Trustees that all premiums under the State Health Plan be frozen for 2019.