(Raleigh, N.C.) – On Monday, April 23 around 8:00 a.m., State Treasurer Dale R. Folwell, CPA will appear on CNBC's pre-market morning news and talk program “Squawk Box". Treasurer Folwell will join Joe Kernen, Becky Quick and Andrew Ross Sorkin to discuss public pension investing during volatile market conditions, the challenges of unfunded pension and healthcare liabilities for states and localities as well as his efforts to reign in investment fees paid by the North Carolina pension plan to Wall Street.
What: Treasurer Folwell to appear on CNBC's “Squawk Box"
When: Monday, April 23 around 8:00 AM
How: Click here to watch the segment on CNBC's website.
A link to the segment will be available at NCTreasurer.com after it is posted on the “Squawk Box" home page.
The N.C. Department of State Treasurer (DST) manages $100 billion in pension assets for more than 900,000 public workers. DST's Supplemental Plan (401(k), 457 and 403(b) is the largest in the U.S. by number of participants. DST also oversees the State Health Plan, which provides health care coverage to more than 720,000 teachers, state employees, retirees, current and former lawmakers, state university and community college personnel and their dependents. Fiscal assistance and expertise is provided by DST to local governmental units by aiding them in the sale of local government debt obligations and in maintaining sound budgeting, accounting, and reporting procedures. In addition, the department administers NC Cash, the unclaimed property database that holds approximately $659 million.