Cities and Counties Won't Need to Increase Property Taxes
Topics Related to RSD Press Release
State Treasurer Dale R. Folwell, CPA, acknowledged today that he received a letter from the National Legal and Policy Center (NLPC)&
Treasurer Dale R.
State Treasurer Dale R. Folwell, CPA, said legislation introduced in the North Carolina Senate in response to a rash of lawsuits would help protect the state pension plan in pension spiking cases.
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.
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.
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.
State Treasurer Dale R. Folwell, CPA, and the Retirement Systems Division (RSD) reported that retirement applications initiated online have gone from 0 to 38% in less than two years.
State Treasurer Dale R.
State Treasurer Dale R. Folwell, CPA, and the Retirement Systems Division (RSD) announced today that almost $1 million has been sent to survivors of nine public safety officers murdered in the line of duty.