Tag:dale folwell

  • Folwell pursuing fees from pension fund managers

    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. At the same time, unfunded liabilities in the retirement system grew to more than $13 billion. Folwell said some…

  • Rising costs send State Health Plan deeper into the red

    The State Health Plan is “on life support” and will require more state and employee contributions to meet massive unfunded obligations, state Treasurer Dale Folwell said Monday in his first Ask Me Anything monthly teleconference call with reporters. Since taking office in January, Folwell said, he has been…

  • State pension fund loses money in final quarter of last year

    While new state Treasurer Dale Folwell said he hopes to spark higher returns in the state employees retirement plan, North Carolina’s state pension fund reported a loss for the fourth quarter of 2016, failing to meet targeted annual growth. Folwell said the pension fund returns for the three-month…

  • Folwell vows to attack unfunded pension, health liabilities

    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. Rather, he plans to vigorously attack the massive unfunded liabilities. Folwell, sworn into office Jan. 1 as the…

  • Controversial investigator hints at problems with pension managers

    RALEIGH — 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, financial investigator Edward “Ted” Siedle said upcoming Securities and Exchange Commission action could relate to a whistleblower complaint…

  • Republican Folwell questions Democrat Blue’s campaign reporting

    RALEIGH — Republican state treasurer candidate Dale Folwell believes a series of errors on campaign finance paperwork submitted by Daniel Blue III raises questions about his Democratic opponent’s ability to manage the state’s pension and health care investment portfolios. Blue’s campaign says Folwell’s allegations show desperation. “ ‘It’s close enough…