Folwell said, “The continued mismanagement of this agency is a potential threat to North Carolina’s coveted ‘AAA’ bond rating. For over two years the DOT has been writing checks it couldn’t cash, harming taxpayers, road users and vendors."
North Carolina’s pension plan is in a good position, according to the state treasurer, Dale Folwell. North Carolina has the sixth best-funded state pension plan in the nation. Folwell said he was pleased the state has one of the “most secure pension plans” in the country.
More than 900,000 teachers, law enforcement officers and other public workers look to the NC Department of State Treasurer to manage a $100 billion state pension fund.
"I really ask that you not only focus on the sick but you do not punish the healthy," Folwell said. State Treasurer, Dale Folwell, challenging Governor Cooper to get the economy open sooner rather than later.
“People don’t give a damn what political party you’re in they want their problems fixed such as where is their food going to come from and when are they going to be able to get back to work.”
State Treasurer Dale Folwell recently announced that the State Health Plan will be waiving the cost of treatment for members diagnosed with COVID-19, including associated deductibles, copayments, and coinsurance.
Folwell’s slow-and-steady-wins-the-race approach now looks quite prescient amid a global markets crash that shows no signs of abating.
State Treasurer Dale Folwell predicts the contract will save $110 million in administrative costs during the three-year period.