State Treasurer Dale R. Folwell, CPA announced today that Jonathan J. Vitello, CPA has joined the N.C. Department of State Treasurer (DST) as head of Internal Audit. Vitello was most recently an auditor with RSM US LLP and KPMG LLP in Raleigh, providing audit and accounting services for financial institutions, commercial clients, colleges and universities.
Press Releases
In an opinion released last week, a three-judge panel of the North Carolina Court of Appeals unanimously held that the Retirement Systems Division (RSD) of the Department of State Treasurer acted properly when it reduced state disability benefits to a former state employee in order to recoup overpayments of those benefits due to mandatory Social Security disability offsets.
State Treasurer Dale R. Folwell, CPA, along with current and former Department of State Treasurer employees, legislators and other dignitaries joined the Boyles family in honoring longtime North Carolina State Treasurer Harlan E. Boyles on Monday.
The North Carolina Retirement Systems announced today that the Public Pensions Coordinating Council (PPCC) presented its 2017 Standards Awards for Funding and Administration to the State of North Carolina for ALL six of the state's pension plans eligible for recognition.The state received funding and administration awards for:
State Treasurer Dale R. Folwell, CPA announced that $100 million in passive indexing funds are now being managed in-house as a means of reducing fees paid to outside investment managers while maintaining performance as measured by the Russell Top 200 index strategy and the Russell Mid Cap index strategy.
On Thursday, October 19, 2017, North Carolina State Treasurer Dale R. Folwell, CPA, presented Peter Werbicki, CEO of The Food Bank of Central and Eastern North Carolina, with a check from the Department’s unclaimed property fund owed to the organization totaling $16,137.10 at UPD’s booth at the North Carolina State Fair.
North Carolina State Treasurer Dale R. Folwell, CPA, sent a letter today to President Donald J. Trump asking him to extend the moratorium on the Health Insurance Tax (HIT) set to expire at the end of 2017.
On Tuesday, October 10, 2017, North Carolina State Treasurer Dale R. Folwell, CPA, will hold an “Ask Me Anything” session for members of the media. These monthly calls are an opportunity for reporters across the state to ask anything about the department’s initiatives, including the Retirement Systems Division, State Health Plan, State and Local Government Finance Division, or the Unclaimed Property Fund.
Three Year Contract to Serve More than 700,000 Members
Final Bond Refinancing Reduces Debt Service Costs by $133 million