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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N.C. Treasurer Dale Folwell wants Congress to allow state pension funds to seek damages through U.S. courts. His requested change in federal law could lead to seizure of Russian assets and properties.
Published: Wednesday, March 16th, 2022 @ 9:41 pm
By: Carolina Journal
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N.C. House, Senate Urge Congress to Change Law so State Pensions Can Recover Losses from Russia
Published: Friday, March 11th, 2022 @ 9:15 pm
By: Stan Deatherage
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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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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.
Published: Wednesday, August 5th, 2020 @ 12:58 pm
By: Carolina Journal
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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.
Published: Friday, March 6th, 2020 @ 10:07 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 state pension fund posted overall gains of 7.3 percent for the 2017-18 fiscal year just ended June 30, outpacing the assumed rate of return on investments. But earnings have slowed to date for the 2018 calendar year, State Treasurer Dale Folwell reported
Published: Tuesday, August 14th, 2018 @ 2:45 pm
By: John Locke Foundation
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State Treasurer Dale Folwell’s office yesterday issued a release reporting on the financial performance of the state’s pension fund
Published: Monday, August 6th, 2018 @ 12:31 pm
By: Civitas Insitute
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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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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 very insightful article in BloombergBusinessWeek highlights some of the ways NC Treasurer Dale Folwell plans to save the state significant sums of money.
Published: Thursday, April 20th, 2017 @ 5:27 am
By: Civitas Insitute
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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
Published: Thursday, August 18th, 2016 @ 4:04 am
By: John Locke Foundation
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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...
Published: Wednesday, July 23rd, 2014 @ 6:31 pm
By: Civitas Insitute
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An organization representing 55,000 state employees has asked the U.S. Securities and Exchange Commission to investigate "widespread potential violations of law" involving State Treasurer Janet Cowell's handling of investments from the $87 billion state retirement system.
Published: Thursday, May 29th, 2014 @ 9:16 am
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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Janet Cowell's primary responsibility as State Treasurer is to oversee the pension fund for retired North Carolina teachers and state employees. So why does her campaign receive so many contributions from far-away states like New York, Pennsylvania and California?
Published: Saturday, October 6th, 2012 @ 1:30 am
By: Civitas Insitute
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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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