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The COVID-19 pandemic could still threaten the long-term stability of state employee pensions, even though the state pension plan has recovered from the stock market crash, the state treasurer says.
The COVID-19 pandemic could still threaten the long-term stability of state employee pensions, even though the state pension plan has recovered from the stock market crash, the state treasurer says.
 
Fears of a global economic slowdown, fueled in part by the coronavirus outbreak, took a $4.2 billion chunk out of North Carolina’s state pension plan.
Fears of a global economic slowdown, fueled in part by the coronavirus outbreak, took a $4.2 billion chunk out of North Carolina’s state pension plan.
 
North Carolina’s state pension plan is prepared to weather another recession, a Pew Charitable Trusts stress test says.
North Carolina’s state pension plan is prepared to weather another recession, a Pew Charitable Trusts stress test says.
 
According to the most recent report available, North Carolina's main pension fund for retired state employees is strapped with a $3.7 billion unfunded liability. This growing liability means taxpayers must pony up an increasing amount of funds to cover the costs of promised benefits to retirees...
According to the most recent report available, North Carolina's main pension fund for retired state employees is strapped with a $3.7 billion unfunded liability. This growing liability means taxpayers must pony up an increasing amount of funds to cover the costs of promised benefits to retirees...
 
Headlines across the nation have been sounding the alarm about state government pensions. Even very conservative estimates place the total amount of unfunded state pension liabilities to be approaching a trillion dollars nationally.
Headlines across the nation have been sounding the alarm about state government pensions. Even very conservative estimates place the total amount of unfunded state pension liabilities to be approaching a trillion dollars nationally.
 
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