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.
Published: Wednesday, September 6th, 2023 @ 8:55 am
By: Carolina Journal
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House Bill 750 Protects State Pension Plan, Retirees and Employees from 'Wacktivism'
Published: Friday, July 28th, 2023 @ 1:20 pm
By: Eastern NC NOW Staff
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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.
Published: Wednesday, February 3rd, 2021 @ 2:12 pm
By: Carolina Journal
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North Carolina’s state pension plan is prepared to weather another recession, a Pew Charitable Trusts stress test says.
Published: Thursday, December 5th, 2019 @ 12:54 am
By: Carolina Journal
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State Treasurer Dale Folwell says the state pension plan hemorrhaged $4.1 billion in 2018
Published: Sunday, March 3rd, 2019 @ 3:38 am
By: John Locke Foundation
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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
Published: Thursday, August 2nd, 2018 @ 6:09 pm
By: Civitas Insitute
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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
Published: Friday, July 27th, 2018 @ 1:58 pm
By: John Locke Foundation
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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
Published: Monday, May 7th, 2018 @ 10:27 pm
By: John Locke Foundation
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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.
Published: Monday, August 24th, 2015 @ 12:55 am
By: John Locke Foundation
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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...
Published: Saturday, August 8th, 2015 @ 1:41 pm
By: John Locke Foundation
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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
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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...
Published: Tuesday, August 6th, 2013 @ 11:34 pm
By: John Locke Foundation
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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.
Published: Wednesday, August 29th, 2012 @ 4:20 am
By: Civitas Insitute
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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.
Published: Tuesday, July 31st, 2012 @ 8:09 am
By: John Locke Foundation
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