By some credible estimates, North Carolina owes public employees some $71 billion in compensation for which the state has no money set aside.
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 where Wall Street investment managers reap large, undisclosed payouts from the...
Editor’s note: This story was updated after initial publication to include comments from Dan Blue III. 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. Republican state treasurer candidate Dale Folwell, a certified...
The six counties with population densities of at least 750 people per square mile accounted for 36 percent of all North Carolina ballots cast in 2012.
Democrats are desperate to regain influence in Raleigh. Republicans are intent on maintaining it. The General Assembly will be one of this year’s most interesting political battlegrounds.
An “ill-advised decision” by state Treasurer Janet Cowell to take positions on two outside corporate boards led to a discussion Thursday by the boards of trustees of the state’s pension plans on enacting secondary employment restrictions on future treasurers. “It’s in my opinion that there are no looming ethics breaches, but a difference of opinion,...
Over all the 17 publicly released polls taken since early February about the governor's race, Roy Cooper gets an average of 43 percent of the vote to Pat McCrory’s 42 percent.
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 department wants to increase the percentage of real estate investments the pension plan can hold from the current maximum...
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