Future of state pension fund could be at risk, group says

Years of risky investments by North Carolina Treasurer Janet Cowell could put the future of the state’s pension fund at risk, an On Your Side investigation has found.

The North Carolina Retirement System invests its $86 billion pension fund as a way to generate enough revenue to cover its obligations to retired state employees. In addition to investment income, the NCRS is funded by contributions from state employees and money allocated in the state budget from the legislature.