Topics Related to RSD Press Release
State Treasurer Dale R. Folwell, CPA, announced today that the state pension plan reported losses of 1.47 percent for calendar year 2018, underperforming its actuarial assumed rate of return of 7 percent. Pension fund assets were valued at $94.2 billion, down from $98.3 billion at the end of 2017. At the same time, the pension plan paid out over $6 billion in benefits – an amount that exceeds the state's debt.
Treasurer Dale R. Folwell, CPA, the Supplemental Retirement Board of Trustees and staff have been recognized by the National Association of Government Defined Contribution Administrators (NAGDCA) as a Leadership Award recipient for outstanding achievement in Plan Design and Administration.