State Treasurer Dale R. Folwell, CPA, Supports 2% Pension Supplement for Retirees of Local Governments.  

The budget enacted by the General Assembly and signed by Roy Cooper provided for a 2% pension supplement this year for state retirees. In addition to providing the supplement for state retirees, the General Assembly passed Senate Bill 311, which allows the Board of Trustees of the Local Governmental Employees’ Retirement System (LGERS Board) to provide a supplement, provided that sufficient funds are available to pay for the benefit from investment gains earned on the Treasurer’s investments.

Author: Mike Jackson