NC Treasurer

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.

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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.

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Pension
8:14 am
Wed December 18, 2013

State Treasurer Reforms Pension Investment Policies

North Carolina State Treasurer Janet Cowell is implementing transparency reform policies for contractors who manage investments for the state pension fund.
Credit nctreasurer.com

The State Treasurer's office is putting transparency reforms in place for contractors who manage some investments for the state pension fund.

The pension fund is worth about 83-billion dollars.

Treasurer Janet Cowell says independent reviews of NC Retirement Systems showed that until 2009, some managers hired third-party brokers, or “placement agents” to arrange investments, often without disclosing to the state.

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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."

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Business & Economy
9:10 am
Thu November 3, 2011

Pension Fund to Help Life Science Start-Ups

A major push is underway in North Carolina to help grow businesses in the Life Sciences.