State Treasurer Dale R. Folwell, CPA said today the proposed Build NC Bond Act should be put on the ballot for a public vote. The proposed draft, if passed by the North Carolina General Assembly in its current form, would allow the N.C. Department of Transportation to issue special indebtedness bonds of up to $3 billion over ten years for transportation projects.
Press Releases
State Treasurer Dale R. Folwell, CPA and the State Health Plan (Plan) announced today that Blue Cross and Blue Shield of North Carolina (Blue Cross NC) has been directed to cut the Plan's medical provider rates on major contracts being negotiated this year by at least 15 percent. Blue Cross NC is the Plan's Third Party Administrator which processes claims, provides a network of providers, and establishes medical provider rates for the Plan.
State Treasurer Dale R. Folwell, CPA reported that state pension fund returns for the first quarter of 2018 were flat amid volatility in the stock market. The nearly $100 billion fund, known as the North Carolina Retirement Systems, is managed by the N.C. Department of State Treasurer.
North Carolina State Treasurer Dale R. Folwell, CPA, announced today that the investment return assumption for the North Carolina Retirement Systems (the Fund) will be lowered from 7.20 percent to 7.00 percent beginning with the December 31, 2017, valuations.
On Tuesday, April 24 from 4:30 – 5:00 p.m., Treasurer Dale R. Folwell, CPA will appear on Bloomberg TV's “What'd You Miss?", the network's afternoon business and markets news program featuring stories from Businessweek and Bloomberg News.
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.
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.