State Treasurer Dale R. Folwell, CPA announced today that all three major national bond rating agencies have re-affirmed the State's “AAA” bond rating, all with stable outlooks, in preparation for the upcoming sale of approximately $106 million of General Obligation (GO) Bonds and $300 million in Limited Obligation Bonds (LOB). The GO and LOBs are scheduled to be competitively sold later this month. The bonds are being issued to take advantage of lower interest rates, thus reducing interest costs for taxpayers.
Press Releases
Treasurer Dale R. Folwell, CPA, announced today that the State Health Plan (Plan) will save approximately $8.5 million beginning in January 2018 as a result of new terms negotiated for the administration of NC HealthSmart, the Plan’s healthy living initiative that is administered by Active Health Management. The program offers health and wellness resources and services to support Plan members’ personal health goals.
On Tuesday, June 13th, North Carolina State Treasurer Dale R. Folwell, CPA, held an “Ask Me Anything” Session for members of the media. Treasurer Folwell gave an update on his efforts to reduce management fees paid to Wall Street for the state’s pension fund and also answered questions on controlling costs within the State Health Plan.
North Carolina State Treasurer Dale R. Folwell, CPA announced today the appointment of Dee Jones as the executive administrator of the North Carolina State Health Plan. The announcement was made after an executive session of the State Health Plan Board of Trustees (BOT) meeting. As required by statute, Treasurer Folwell consulted with the BOT, laying out the terms of Ms. Jones’s employment including salary.
North Carolina State Treasurer Dale R. Folwell, CPA, responded today to a court decision pertaining to litigation involving the Department of State Treasurer’s administration of the contribution-based benefit cap (CBBC) for the North Carolina retirement systems.
On Tuesday, May 16th, North Carolina State Treasurer Dale R. Folwell, CPA, held an “Ask Me Anything” Session for members of the North Carolina media. Treasurer Folwell answered questions about the recent lowering of the assumed rate of rate for pension investments and the financial health of the State Health Plan.
Treasurer Dale R. Folwell, CPA, announced today that the North Carolina Council of State voted to approve the issuance of up to $150 million in General Obligation (GO) Refunding Bonds as well as up to $300 million in Limited Obligation Refunding Bonds. The bonds will be used to refund outstanding obligations to take advantage of lower interest rates thus reducing financing costs for taxpayers.
Fund Earned 4.1 Percent for 1st Quarter of 2017
State Treasurer Dale R. Folwell, CPA, joined the credit rating agency Moody’s in recognizing new legislation bolstering the state’s Savings Reserve or, “Rainy Day Fund,” as a “credit positive” measure.
State Treasurer Dale R. Folwell, CPA, announced today the lowering of the investment return assumption for the North Carolina Retirement Systems (the Fund) from 7.25% to 7.20% beginning with the December 31, 2016 valuations. The move was approved by the Teachers’ and State Employees’ Retirement System (TSERS) and Local Government Employees’ Retirement System (LGERS) Boards of Directors at their April 20th meeting.