Accomplishments as Treasurer

$ State pension plan at a record $108 billion.

$ Maintaining NC’s triple “AAA” credit rating, the highest rating possible.  NC is 1 of only 12 states with this rating.

$ Cutting Wall Street fees paid by NC taxpayers for a projected savings of $368 million over four years.

$ Freezing State Health Plan family premiums for the last three years without dipping into reserves or increasing co-pays and deductibles.

$ Leading successful effort to establish the Unfunded Liability Solvency Reserve, a fund that will help address the state’s $50 billion in unfunded pension and health care liabilities.

$ Raising awareness about the lack of transparency in the health care system by proposing bold reforms to reduce costs and make pricing information available to consumers.

$ Maintaining the NC Retirement Systems’ status as one of the best-funded pension funds in the U.S.  Returns on investment have surpassed statutory benchmarks in all three years of his term.

$ Increasing transparency and efficiency at the N.C. Department of State Treasurer.  Holds monthly Ask Me Anything teleconferences with reporters to answer any all questions.

$ Moving $15.2 billion in passive index funds under in-house management as a means of reducing fees while maintaining performance as measured by the Russell Top 200 & Mid Cap index strategies.

$ Saving the State Health Plan $35 million by increasing membership in United Healthcare Medicare Advantage Plans.

Showing 2 reactions

  • Zach Farmer
    published this page in About 2016-01-25 15:22:36 -0500
  • Zach Farmer
    published this page in About 2016-01-22 10:58:58 -0500