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.
Press Releases
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.
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, noting the state's strong economy, growing reserves and conservative fiscal management. North Carolina is one of only 13 states that have an “AAA" rating from all major rating agencies.
State Treasurer Dale R. Folwell, CPA praised the North Carolina General Assembly and Governor Roy Cooper today after Cooper signed the Unfunded Liability Solvency Reserve Act. The new law sets up an Employee Benefit Trust Fund to address the state's $50 billion in unfunded pension and health care liabilities.
State Treasurer Dale R. Folwell, CPA announced today that fees have been reduced by up to 30 percent for the GoalMaker tool that helps members of the North Carolina defined contribution plan prepare for retirement. GoalMaker allows employees who contribute to supplemental retirement plans to choose investments that best fit their retirement needs. The tool is available to members of the NC 401(k), NC 457 and NC 403(b) supplemental retirement plans
State Treasurer Dale R. Folwell, CPA and the State Health Plan announced today that they have completed negotiations with UnitedHealthcare for 2019 rates to provide Medicare-eligible retirees with Group Medicare Advantage Plans.