Topics Related to OST Press Release
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, 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.
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.
Fund Balance Hits All-Time High during 2nd Quarter
Pension Fund Valuations Highest Ever During 2nd Quarter
Final Bond Refinancing Reduces Debt Service Costs by $133 million
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.
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 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.
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.