One of State Treasurer Dale R. Folwell’s first initiatives when taking office in 2017 was to cut Wall Street fees and other investment costs associated with the $115 billion pension plans. He pledged to cut $100 million in fees during his first term in office.
Press Releases
The Local Government Commission (LGC) has approved a request by rapidly-growing Union County to borrow up to $331 million in bonds to build new water and sewer system infrastructure and upgrade existing facilities.
The Department of State Treasurer (DST) has successfully answered the million-dollar question of whether there is a quicker way to distribute some of the unclaimed property in its vaults, and more than 15,000 people are richer for it.
State Treasurer Dale R. Folwell, CPA, heralded today the anniversary of Rotary International (Rotary) and its 116 years of uniting friends, neighbors and leaders to take action in creating lasting change across the world, at home and in ourselves.
The first round of study grants approved under a new program could lead to solutions for utility infrastructure woes threatening the financial stability of three distressed local governments.
North Carolina State Treasurer Dale R. Folwell, CPA, and the Retirement Systems Division announced today that the investment return assumption or rate of return (RoR) for the principal North Carolina Retirement Systems (Fund) will be lowered 50 basis points from 7.0% to 6.5% per year.
In an effort to increase the number of COVID-19 vaccines administered in the state, State Treasurer Dale R.
Despite economic upheaval, massive job losses, business shutdowns, and uncertainty in the investment market throughout 2020 due to the COVID-19 pandemic, the state pension plan achieved a record $114.9 billion valuation entering 2021.
With an eye toward the magnitude of the state’s combined unfunded pension and retiree health care costs, State Treasurer Dale R. Folwell, CPA, said it is imperative the state’s capacity for future borrowing is accurately calculated to avoid fiscal strain and budget predicaments.