The results reflect that voters of all persuasions wanted to keep the best treasurer money can’t buy. Every major newspaper, the State Employees Association of North Carolina and other important groups endorsed our culture of competence and transparency on behalf of those who teach, protect and otherwise serve and taxpayers like them. As the keeper of North Carolina’s public purse there is no Republican, Democrat or Independent money at the Treasurer’s Office. It’s all green!
Local Government Commission (LGC) action is helping a global pharmaceutical company to open a plant in Clayton that will manufacture diabetes medications, and state Treasurer Dale R. Folwell, CPA, said State Health Plan (SHP) members could see some benefits.
State Treasurer Dale R. Folwell, CPA, and the State and Local Government Finance Division (SLGFD) announced the sale of $700 million of Build NC Bonds. The bonds are part of a $3 billion transportation package approved by the North Carolina General Assembly (NCGA) in 2018.
State Treasurer Dale R. Folwell, CPA, and the Investment Management Division (IMD) announced today the findings of a CEM Benchmarking (CEM) report of an investment cost analysis of the North Carolina Retirement Systems (NCRS). Investment costs are broadly defined as the costs associated with making investments, including management fees and oversight costs of running the investment program.
State Treasurer Dale R.
State Treasurer Dale R. Folwell, CPA, and the Retirement Systems Division (RSD) reported that retirement applications initiated online have gone from 0 to 38% in less than two years. Prior to the introduction of the online system in 2018, members had to go to the ORBIT system, print and manually fill out an application.
State Treasurer Dale R. Folwell, CPA, announced today that Open Enrollment for the 2021 benefit year for State Health Plan (SHP) members is under way! Open Enrollment started Oct. 15 and will end Oct. 31, 2020. The SHP saw a 300% increase in members “taking action” on the first day of Open Enrollment and they experienced no technical issues with the enrollment system.
State Treasurer Dale R. Folwell, CPA, and the Boards of Trustees overseeing the Firefighters’ and Rescue Squad Workers’ Pension Fund (FRSWPF) and National Guard Pension Fund (NGPF) announced today that their preliminary estimates indicate significant increases in the funded ratios of both pension plans.
State Treasurer Dale R. Folwell, CPA, through the State and Local Government Finance Division, announced today the sale of approximately $400 million of voter-approved General Obligation Public Improvement (Connect NC) Bonds. The sale is the fourth series authorized by the Connect NC Bond Act of 2015 ($2 billion total authorization) for universities, community colleges, local parks, infrastructure improvement and other projects. The total amount of interest to be paid over the 20-year life of the bonds is approximately $113 million.
State Treasurer Dale R. Folwell, CPA, announced today that the state’s Net Other Post-Employment Benefits (OPEB) has been reduced by almost $3.3 billion.