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Results found for "state pension plan"


UNC Health and ECU Leave State Employees and Taxpayers with a $1 Billion Bill and Threaten the Tax-Exempt Status of the Pension Plan
Published: Thursday, December 28th, 2023 @ 5:07 pm By: ENC NOW
UNC Health and ECU Leave State Employees and Taxpayers with a $1 Billion Bill and Threaten the Tax-Exempt Status of the Pension Plan
 
On Friday afternoon, Gov. Roy Cooper vetoed two bills including one that would prevent state pension money from being invested using environmental, social, and governance (ESG) criteria in state investment decisions.
On Friday afternoon, Gov. Roy Cooper vetoed two bills including one that would prevent state pension money from being invested using environmental, social, and governance (ESG) criteria in state investment decisions.
 
Lawmakers vote to ban ESG investing in state pension plans, pushback on plans to tap Mandy Cohen for head of the federal Centers for Disease Control, and Fort Bragg gets a name change
Lawmakers vote to ban ESG investing in state pension plans, pushback on plans to tap Mandy Cohen for head of the federal Centers for Disease Control, and Fort Bragg gets a name change
 
House Bill 750 Protects State Pension Plan, Retirees and Employees from 'Wacktivism'
Published: Friday, July 28th, 2023 @ 1:20 pm By: ENC NOW
House Bill 750 Protects State Pension Plan, Retirees and Employees from 'Wacktivism'
 
An Act to Address the Use of Environmental, Social, and Governance Criteria by State Agencies and State Pension Plan Fiduciaries
Published: Monday, July 17th, 2023 @ 1:21 pm By: ENC NOW
An Act to Address the Use of Environmental, Social, and Governance Criteria by State Agencies and State Pension Plan Fiduciaries
 
In a move that will make government-employee pensions less risky for taxpayers, N.C. Treasurer Dale Folwell announced Tuesday, Feb. 2, that the assumed rate of return on the main state retirement plan will be lowered.
In a move that will make government-employee pensions less risky for taxpayers, N.C. Treasurer Dale Folwell announced Tuesday, Feb. 2, that the assumed rate of return on the main state retirement plan will be lowered.
 
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.
 
Senate Republicans are again pushing State Treasurer Dale Folwell’s request to limit risk in the underfunded state pension plan by narrowing the number of retirement options.
Senate Republicans are again pushing State Treasurer Dale Folwell’s request to limit risk in the underfunded state pension plan by narrowing the number of retirement options.
 
State Treasurer Dale Folwell says the state pension plan hemorrhaged $4.1 billion in 2018
State Treasurer Dale Folwell says the state pension plan hemorrhaged $4.1 billion in 2018
 
State Treasurer Dale Folwell’s office yesterday issued a release reporting on the financial performance of the state’s pension fund
State Treasurer Dale Folwell’s office yesterday issued a release reporting on the financial performance of the state’s pension fund
 
The latest data shows that North Carolina’s unfunded state pension liability has grown to $7.9 billion. This figure is likely highly understated, however, given the overly optimistic discount rate being used to calculate the liability
The latest data shows that North Carolina’s unfunded state pension liability has grown to $7.9 billion. This figure is likely highly understated, however, given the overly optimistic discount rate being used to calculate the liability
 
One reason teachers and state employees may not have seen the raises they wanted in recent years is that the government's cost for pensions and retiree health benefits has climbed from 8 percent of payroll 10 years ago to 19 percent of payroll this year
One reason teachers and state employees may not have seen the raises they wanted in recent years is that the government's cost for pensions and retiree health benefits has climbed from 8 percent of payroll 10 years ago to 19 percent of payroll this year
 
Returns on state pension fund investments were flat for the first quarter of 2018. That triggered a warning by state Treasurer Dale Folwell about long-term pension stability
Returns on state pension fund investments were flat for the first quarter of 2018. That triggered a warning by state Treasurer Dale Folwell about long-term pension stability
 
State Treasurer Dale Folwell wants to know if Wall Street investors charged the state fees on $9 billion of state pension plan money that never got invested
State Treasurer Dale Folwell wants to know if Wall Street investors charged the state fees on $9 billion of state pension plan money that never got invested
 
State Treasurer Dale Folwell wants to be more than North Carolina's version of the Dutch boy, his finger plugging the dike of underperforming state health and pension plans
State Treasurer Dale Folwell wants to be more than North Carolina's version of the Dutch boy, his finger plugging the dike of underperforming state health and pension plans
 
More than two years after releasing a scathing report alleging that a glut of investment fund managers are collecting fees that have plundered North Carolina’s state employee pension plan
More than two years after releasing a scathing report alleging that a glut of investment fund managers are collecting fees that have plundered North Carolina’s state employee pension plan
 
During a contentious debate Tuesday night, Republican state treasurer candidate Dale Folwell hammered repeatedly on the theme that the state health care plan is broke, the state pension plan is underperforming, and his Democratic opponent Dan Blue III attended fundraisers in New York City
During a contentious debate Tuesday night, Republican state treasurer candidate Dale Folwell hammered repeatedly on the theme that the state health care plan is broke, the state pension plan is underperforming, and his Democratic opponent Dan Blue III attended fundraisers in New York City
 
North Carolina's public employees retirement system is underfunded, bled more than $2 billion in red ink in the most recent 12-month period reported, and is outperformed by most other states, data show
North Carolina's public employees retirement system is underfunded, bled more than $2 billion in red ink in the most recent 12-month period reported, and is outperformed by most other states, data show
 
If the General Assembly approves State Treasurer Janet Cowell's request for more flexibility in how it invests the state's pension plan, North Carolina's investment in real estate could be among the largest in the nation.
If the General Assembly approves State Treasurer Janet Cowell's request for more flexibility in how it invests the state's pension plan, North Carolina's investment in real estate could be among the largest in the nation.
 
The Democratic candidates for state treasurer both say the management and return on investment of North Carolina's mammoth health and pension plans for public employees need improvement, but their priorities differ.
The Democratic candidates for state treasurer both say the management and return on investment of North Carolina's mammoth health and pension plans for public employees need improvement, but their priorities differ.
 
A major problem is facing state employee pension plans. While many private corporations cut back pension programs due to limited funding or decreasing contributions, pension systems for government employees rarely change.
A major problem is facing state employee pension plans. While many private corporations cut back pension programs due to limited funding or decreasing contributions, pension systems for government employees rarely change.
 
There are approximately 90,000 state and local governments in the United States. Most of these entities provide a defined benefit pension plan for public employees as part of their overall compensation. State governments employ 5.3 million people and local governments employ 13.8 million, with...
There are approximately 90,000 state and local governments in the United States. Most of these entities provide a defined benefit pension plan for public employees as part of their overall compensation. State governments employ 5.3 million people and local governments employ 13.8 million, with...
 
A recent study concluded that North Carolina's $87 billion state pension fund is the second-best performing plan in the nation, even though new government-mandated accounting methods show it might be underfunded by more than $15 billion instead of operating in the black, as official state figures...
A recent study concluded that North Carolina's $87 billion state pension fund is the second-best performing plan in the nation, even though new government-mandated accounting methods show it might be underfunded by more than $15 billion instead of operating in the black, as official state figures...
 
North Carolina has been fortunate to have honest and trustworthy State Treasurers. Current Treasurer Janet Cowell is no exception.
Published: Wednesday, May 7th, 2014 @ 12:18 am By: Tom Campbell
North Carolina has been fortunate to have honest and trustworthy State Treasurers. Current Treasurer Janet Cowell is no exception.
 
Supporters of a bill giving the state treasurer's office greater flexibility to invest money from the state's $81 billion pension plan affecting teachers...
Supporters of a bill giving the state treasurer's office greater flexibility to invest money from the state's $81 billion pension plan affecting teachers...
 
A bill allowing the treasurer more leeway to invest the state pension plan in riskier portfolios is set tonight for its first Senate floor vote.
A bill allowing the treasurer more leeway to invest the state pension plan in riskier portfolios is set tonight for its first Senate floor vote.
 
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.
 
If you're a North Carolina taxpayer, public school teacher, government employee, or anyone with a vested interest in the state's pension system, beware: State Treasurer Janet Cowell could be gambling with your money (and, potentially, your retirement) to satisfy a political agenda.
If you're a North Carolina taxpayer, public school teacher, government employee, or anyone with a vested interest in the state's pension system, beware: State Treasurer Janet Cowell could be gambling with your money (and, potentially, your retirement) to satisfy a political agenda.
 

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