North Carolina’s state pension fund reached a record-high market value of approximately $108.5 billion as of Aug. 28. While many of the world’s largest pension funds took a big hit when the global markets tumbled in March, North Carolina’s state pension fund fared better than its peers. According to Moody’s Investors Service, North Carolina’s Retirement Systems, which includes state and local employees, is the best funded plan in the US in terms of its adjusted net pension liability.
“The citizens of North Carolina have a choice to either elect lawmakers who will provide law and order within North Carolina, or those who wish to defund law enforcement and not stand with the men and women in blue" said Danny Jenkins, President of the North Carolina Troopers Association.
"Receiving the NCPBA endorsement for the second time as the NC State Treasurer and “keeper of the public purse” is a true honor. For nearly 20 years, my heart, mind and door has been open to the PBA." State Treasurer Dale Folwell
"After years of bad decisions by our two previous treasurers, Treasurer Folwell has been a dream come true for state employees and retirees,” said EMPAC Statewide Chairman Mark Dearmon. “EMPAC is proud to endorse him. We all need to work hard to get him re-elected."
North Carolina's public pension funds saw a combined return of 6.38% on investments during the second quarter of this year, according to state Treasurer Dale Folwell.
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.