News

Folwell: State Health Plan already running deficit

The State Health Plan’s unfunded liabilities have soared to $42 billion, the latest figures show, and Treasurer Dale Folwell said expenses will exceed earnings again this year. “We’re going to dip into reserves by hundreds of millions of dollars this year in the State Health Plan,” Folwell said Tuesday during his monthly Ask Me Anything...

Dan Way
News

Cowell Wants More Pension Investments in Real Estate

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...

Barry Smith
News

Public Employee Pension Debt Explodes

RALEIGH — If government officials were forced to apply the same uniform accounting methods that private pension plan administrators must use to calculate liabilities, experts say the funding shortfall would be five times greater than the amount being reported by state and local governments.

Karen McMahan

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