At their board meeting on Tuesday, the NC State Health Plan Board of Trustees voted in favor of making benefit changes to the State Health Plan (SHP) for its 750,000 members for the 2026 benefit year.
After eight years as state treasurer of North Carolina — and prior public-service roles as school-board member, assistant commerce secretary, and four-term state legislator — Dale Folwell is running for governor in 2024. I’ll discuss Folwell and other gubernatorial candidates in another column. Today, I’m focusing on the five candidates seeking to replace him as...
The struggle over Vidant Health, the regional hospital network affiliated with the Brody School of Medicine at East Carolina University, escalated Thursday. In a radio interview, University of North Carolina Board of Governors Chairman Harry Smith said there are no plans “in any shape or form for UNC to take over Vidant Health.” But an...
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 investment fund managers collected all the fees they were...
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 period ending Dec. 31 showed a loss...
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...
The following editorial was published in the August 2016 print edition of Carolina Journal: Several members of the Investment Advisory Committee, a state commission that advises the treasurer about financial strategies for the state’s substantial investment portfolio, were surprised to learn at a recent meeting that, unlike many elected and appointed officials in the federal...
With Richard Moore ending his two-term tenure as North Carolina’s state treasurer, there’s a pivotal contest underway to elect one of the state’s most powerful politicians.
What the N&O identified here may not have been a political scandal but it was a scandalously cozy relationship between state government and a single, well-connected firm.
Legislation to authorize more investment risk for the state’s unclaimed property account could be worth consideration — except for the comments of its supporters.
