Members of the North Carolina House of Representatives filed a bill this week to prevent the State Health Plan (Plan) from proceeding with its initiative to save $300 million for the Plan and another $66 million for teachers, state troopers and other state and local public servants.
Press Releases
State Treasurer Dale R. Folwell, CPA, announced today that the state pension plan reported losses of 1.47 percent for calendar year 2018, underperforming its actuarial assumed rate of return of 7 percent. Pension fund assets were valued at $94.2 billion, down from $98.3 billion at the end of 2017. At the same time, the pension plan paid out over $6 billion in benefits – an amount that exceeds the state's debt.
State Treasurer Dale R. Folwell, CPA, announced today the results of the 2019 Debt Affordability Advisory Committee Study, advising the governor and General Assembly on the estimated debt capacity of the General and Transportation Funds for the upcoming 10 fiscal years.
The North Carolina State Health Plan announced that State Treasurer Dale R. Folwell, CPA, will appear tonight on the Spectrum News public affairs program Capital Tonight. Loretta Boniti will be hosting the segment.
Treasurer Dale R. Folwell, CPA, issued a call to North Carolina residents to assist the N.C. Department of State Treasurer in ensuring that convicted felons do not receive state-sponsored benefits that they are not eligible to receive.
State Treasurer Dale R. Folwell, CPA, and the North Carolina Supplemental Retirement Plans Board of Trustees have reaffirmed their recent decision to provide members with a “fee holiday" in 2019. The holiday amounts to a total savings of more than $2 million for participants in the NC 401(k) and NC 457 Plans.
State Treasurer Dale R. Folwell, CPA, announced today that according to S&P Global, North Carolina's other postemployment benefit (OPEB) liabilities as a combined funded ratio, are less than five percent funded.
State Treasurer Dale R. Folwell, CPA, today called for the United States Department of Justice to take action and for all North Carolina hospitals to be transparent in their pricing.
The North Carolina Retirement Systems, a division of the N.C. Department of State Treasurer, announced the launch of an online retirement application, a powerful new option for retirement available to members of the Teachers' and State Employees' (TSERS) and Local Governmental Employees' (LGERS) Retirement Systems.
State Treasurer Dale R. Folwell, CPA announced today that the State Health Plan Board of Trustees unanimously passed a resolution favoring a new provider reimbursement strategy for North Carolina providers that care for Plan members.