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.
State Treasurer Dale R. Folwell, CPA, announced that Kevin SigRist, Chief Investment Officer (CIO) for the North Carolina Retirement Systems, submitted his resignation last Friday.
During this morning’s August session of “Ask Me Anything”, State Treasurer Dale R. Folwell, CPA, announced that Jeff Smith and Christopher Morris have been appointed Interim Directors for the North Carolina Department of State Treasurer’s (NCDST) Investment Management Division (Division) which manages the investments for the North Carolina Retirement Systems.
In July 2017, the North Carolina Retirement Systems reported that all divisions met or exceeded metrics goals for the month, surpassing performance from the same period last year.
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:
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.
North Carolina State Treasurer Dale R. Folwell, CPA, recognized the Retirement Systems Division (RSD) today for its ongoing efforts to review disability benefits programs, as well as methods and priorities of recovering overpayments from recipients.
A recent report from the American Legislative Exchange Council named North Carolina among the top four state-administered public pension plans for its transparency in the administration and reporting on the ongoing status of the North Carolina Total Retirement Plans.
The North Carolina Total Retirement Plans announced that this week's release of retiree tax forms was the earliest the forms have been available since 2012.
North Carolina State Treasurer Dale R. Folwell, CPA, announced today that January benefit payments to North Carolina retirees will increase by a total of $5.7 million this month thanks to the Retirement Systems Division (RSD) beating the clock on an IRS deadline.