Board of Trustees
One of the primary responsibilities of the Department of State Treasurer is to administer the retirement plans for North Carolina’s 875,000 active and retired public employees, including teachers, police officers, firefighters, and public servants throughout the state. The Retirement Systems and supplemental retirement plans are overseen by boards that maintain responsibility for the proper administration and operation of the systems and plans.
On December 9, 2009, Gov. Beverly Perdue issued Executive Order No. 34 requiring appointees to attend at least 75 percent of the board’s regularly scheduled meetings.
The North Carolina pension fund is conservatively invested for the long term. This keeps our state prepared to pay out obligatory pension benefits. The North Carolina Retirement Systems is the 31st largest in the world and the 9th largest public pension fund in the U.S.