Administration June 3, 2009
Tar Heel State Senate Approves Pension Diversification Measure
June 3, 2009 (PLANSPONSOR.com) - North Carolina
Treasurer Janet Cowell is one step closer to enjoying more
leeway in how she invests state pension money.
Reported by Fred Schneyer
An Associated Press news report said the state
Senate approved a measure allowing Cowell’s office to put
up to 10% of retirement funds in asset classes such as
timberland, commodities and securities rated below
investment grade.
The state House agreed to the changes last week so the
bill now heads to the desk of Governor Beverly Perdue
(see
Tar Heel State Treasurer Seeks Pension Investment
Diversification
)
Cowell’s office has said she needs more flexibility to keep returns at or above what’s needed to meet long-term retiree obligations.
You Might Also Like:

Benefits |
It’s Back to Basics for Benefits Priorities
Prior to the pandemic, ultra-low unemployment put a spotlight on ‘lifestyle benefits’ for employees. The COVID-19 downturn has already shifted...

Senators Question a Policy Reversal to Allow Lump-Sum Payouts to Retirees
Murray and Wyden’s letter to the IRS and Treasury asks why employers will be permitted to offload pension liabilities and...

Senator Murray Reintroduces ‘Women’s Pension Protection Act’
The legislation would strengthen consumer protections, improve access to retirement savings plans for part-time workers, help increase women’s financial literacy,...