MEET YOUR TREASURER
Dale R. Folwell, CPA | North Carolina State Treasurer
The Department of State Treasurer is excited to partner with you during and after your service to North Carolina. In this partnership, our role at DST is to maintain the integrity and sustainability of the NC Total Retirement Plans and retiree health coverage through the State Health Plan. Your role is to make sure you are doing all you can to secure your financial future. Many financial experts suggest that individuals will need a monthly income in retirement equal to 80 percent of their pre-retirement income. When planning for a secure retirement, I encourage you to determine how much retirement income you'll need to feel secure after you stop working. I urge you to consider not only your NC pension benefits but your personal savings, as well.
We have some amazing supplemental retirement plans available exclusively to public employees in North Carolina. The NC Total Retirement Plans 401(k), NC 457 and NC 403(b) offer diverse investment options at very competitive costs and benefit from the strong, continual oversight of the Supplemental Retirement Board of Trustees. These Plans are a great way to make sure that your retirement income will support the retirement lifestyle you imagine.
In fact 72 percent of those who save on their own in one of our Plans are retirement ready, while just 47 percent who are counting on just the NC pension plan and Social Security alone. So if you're enrolled, that is a good thing. If not, consider enrolling today. It's never too late to start saving for your financial future.
Thank you for your service to North Carolina.
- Fiduciary oversight provided
- Reduced administrative burden
- Personalized assistance for employers and employees
- Strong-performing, competitively priced fund lineup*
- Thorough investment oversight
- Integrated with the state's pension system