Dale R. Folwell: How do we get pension fund back on track?

In July 2016, the N.C. state treasurer released annual performance figures for the N.C. Pension Fund, which is responsible for the retirement assets of nearly 1 million of our state's teachers, state and local employees, law enforcement, firefighters, rescue workers and National Guard members. This report showed that the plan's rate of return was less than 1 percent for the fiscal year. Even though it is reported to be 95 percent funded, according to a recent report from the Mercatus Center at George Mason University, the N.C. Pension Fund is facing a $34.5 billion shortfall.


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