Janet Cowell

Business & Economy
5:00 am
Wed May 14, 2014

NC Pension Fund: "If It Isn't Broken, Don't Fix It!"

State Treasurer Janet Cowell
Credit nctreasurer.com

State Treasurer Janet Cowell is meeting with legislators this short session to push her proposed pension investment reforms.  But the reforms don’t include who runs the pension fund. 

This is what Treasurer Janet Cowell says she’s been hearing in the state senate.

“Because some people say if it’s not broken, don’t fix it.”

Cowell says in the short session, she’s pushing for an independent audit and greater transparency, but talk of moving the $86 billion pension fund from a sole fiduciary investment system to a board-of-trustee model should wait until next year.

Read more
Business & Economy
8:42 am
Fri April 25, 2014

Who Should Run NC Pension Fund: State Treasurer? Or Board Of Trustees?

Credit RambergMediaImages / Flickr/Creative Commons

There's a good chance Treasurer Janet Cowell will give up sole control of the state pension fund.

A commission set up to review North Carolina’s Retirement Systems investment program has recommended the state shift how the pension fund is run.

The North Carolina Investment Fiduciary Governance Commission recommends the state move from a sole fiduciary investment system to a model governed by a board of trustees.

Read more
Business & Economy
9:29 pm
Tue April 22, 2014

NC State Employees Association 'Blows Whistle' On Pension Fund

Credit Flickr user 401(K)2013

An Ohio-based financial services company claims North Carolina’s Pension Fund is one of the worst managed in the country. 

Benchmark Financial Services was hired by the State Employees Association of North Carolina (SEANC) to conduct a forensic investigation of the state pension fund.

Read more
Business & Economy
7:53 am
Tue January 28, 2014

Durham NC's Hillside High School First To Open A Bank

Hillside High School students Mikel Carr, Jamal Stroud and Radamany Kirk are tellers at the Woodforest National Bank branch at their school.
Credit Leoneda Inge

Financial literacy is a growing part of the K-through-12 curriculum across the state.  But Hillside High School in Durham has taken the charge to the next level and opened a functioning bank branch at the school.

Organizers say that students, staff, and families will be able to open accounts, as well as deposit funds to checking and savings accounts right at the Hillside branch.  The program also provides internships and serves as a hands-on learning center for students to gain banking skills.

Read more
Politics & Government
6:00 am
Fri November 2, 2012

Janet Cowell Faces Steve Royal in Treasurer's Race

On Tuesday, North Carolina voters will elect a new governor. They'll also make selections for Council of State offices. Isaac-Davy Aronson has this look at the two candidates for State Treasurer.

 Steve Royal thinks North Carolinians should be very worried.

Steve Royal: "We cannot continue promising people this money in the future at the rate we are right now. It simply is not sustainable."

Read more