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. Folwell blamed the 0.2 percent gain for the three months ending March 31 largely on a volatile stock market.
North Carolina’s pension plan value surpassed $100 billion for the first time in recent days, but volatility in the stock market has eroded a chunk of the gains, state Treasurer Dale Folwell reported. Folwell made his remarks during his monthly Ask Me Anything teleconference with reporters…
State Treasurer Dale Folwell knows how to pinch pennies in both his state government role and in his personal life. He showed up at Carolina Journal for an interview with Associate Editor Dan Way, pleased to explain a sack brimming with hot dogs. It was half-price day at Snoopy’s. Folwell spoke with characteristic wit, self-deprecating humor, and…
President Trump has been urging Americans to check their 401(k) retirement plans for gains, but individuals aren’t alone in benefiting from the strong economy. State Treasurer Dale Folwell says the state is “seeing a surge” in retirement plan investment earnings for 2017. “We’re looking at a…
State Treasurer Dale Folwell has awarded BlueCross BlueShield of North Carolina the Third Party Administrator contract for the State Health Plan. The TPA negotiates contracts with health-care providers and processes claims paid with taxpayer money. BlueCross BlueShield of North Carolina holds the current TPA contract,…
Two longtime employees of the N.C. Department of State Treasurer are overseeing government retirees’ investment funds. Jeff Smith and Christopher Morris have been appointed interim directors of the treasurer’s Investment Management Division. State Treasurer Dale Folwell made the announcement during the latest installment of his monthly “Ask Me Anything” session.
State Treasurer Dale Folwell said Thursday the state pension fund grew over the second quarter of the year as its exposure to risk shrank. Pension fund assets were valued at a record $93.9 billion after all fees and expenses. That is up from $92.2 billion…
N.C. Treasurer Dale Folwell on Thursday announced that all three major national bond rating agencies reaffirmed the state’s “AAA” bond rating. All three noted stable outlooks as an upcoming sale of about $106 million of General Obligation Bonds and $300 million in Limited Obligation Bonds is…
Former state senator Don Vaughn of Greensboro and former U.S. ambassador Mark Erwin are among Gov. Roy Cooper’s eight appointees to the State Banking Commission. “North Carolina is a leader in banking, and this Commission provides important expertise and oversight for our state’s banks,” Cooper said…
