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State Treasurer highlights fiscally struggling towns, state health and pension plans

MAY 13, 2021 | by Editorial | THE NORTH STATE JOURNAL (NORTH CAROLINA)

Includes “The treasurer said, ‘there are less people paying into the pension plan than are not,’ and went on to explain that not everyone paying into the plan is currently drawing a retirement check. ‘There are over 100,000 people who are vested in the [pension] plan and, for one reason or another, are not drawing a retirement check — yet,’ Folwell said. He warned that North Carolina was entering into a life expectancy issue now with no minimum retirement age in the plan and females drawing more retirement checks than paychecks. In terms of the state’s health plan, Folwell said his office is continuing to work on the Clear Pricing Project to get rid of ‘secret contracts in healthcare.’ …”

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