On Monday, April 23 around 8:00 a.m., State Treasurer Dale R. Folwell, CPA will appear on CNBC's pre-market morning news and talk program “Squawk Box". Treasurer Folwell will join Joe Kernen, Becky Quick, and Andrew Ross Sorkin to discuss public pension investing during volatile market conditions, the challenges of unfunded pension and healthcare liabilities for states and localities as well as his efforts to reign in investment fees paid by the North Carolina pension plan to Wall Street.
Press Releases
A Wake County grand jury has indicted a man for keeping his mother's North Carolina pension payments for 15 years after her death. The N.C. Department of State Treasurer, led by State Treasurer Dale R. Folwell, CPA, worked with law enforcement during the investigation as part of the treasurer's continuing efforts to fight fraud against North Carolina's $100 billion pension plan.
State Treasurer Dale R. Folwell, CPA has announced plans to launch a highly selective program that will prepare accountants for careers in public sector accounting and finance. The Treasurer's Academy will recruit candidates from universities and provide them with training in public accounting, finance strategy and banking and investment operations. Less than 10 candidates will be chosen each year.
State Treasurer Dale R. Folwell, CPA announced today that the State Health Plan has completed a year-long project to verify the eligibility of nearly 190,000 dependents on the Plan.
State Treasurer Dale R. Folwell, CPA announced Thursday that $4 billion in passive indexing funds are now being managed in-house as a means of reducing fees paid to outside investment managers.
State Treasurer Dale R. Folwell, CPA, announced today that the State Health Plan (SHP) will generate $35 million in savings as a result of the increase in members enrolled in the UnitedHealthcare (UHC) Medicare Advantage plans. Treasurer Folwell released the numbers during his monthly “Ask Me Anything" conference call, part of his initiative to promote transparency.
State Treasurer Dale R. Folwell, CPA, called for all deals involving state property, like the now-suspended proposal by UNC Health Care and Atrium Health to merge operations, to come before the North Carolina's Council of State (COS) for review. The COS generally has a statutory requirement to approve all state property transactions. However, the planned UNC Health Care and Atrium Health merger was never discussed at the COS.
State Treasurer Dale R. Folwell, CPA, called for all deals involving state property, like the now-suspended proposal by UNC Health Care and Atrium Health to merge operations, to come before the North Carolina's Council of State (COS) for review. The COS generally has a statutory requirement to approve all state property transactions. However, the planned UNC Health Care and Atrium Health merger was never discussed at the COS.
State Treasurer Dale R. Folwell, CPA, issued the following statement after it was announced today that UNC Health Care and Atrium Health have suspended discussions to merge the two health care systems:
The North Carolina Total Retirement Plans have been named as a finalist in the Public Defined Contribution Category of the 2018 Plan Sponsor of the Year Awards. The NC 401(k), NC 457 and NC 403(b) plans together are the largest in the country in terms of numbers of participants.“It's hard to be the biggest and the best," said State Treasurer Dale R. Folwell, CPA. “Usually it's one or the other. With strong oversight by the Supplemental Retirement Board of Trustees, low fees and great plan features, we're able to be both."