
Pensions
North Carolina Lowers Assumed Rate of Return for State Pensions to 6.5%
Investment rate cut is the third made by the state in the past four years.
‘You can’t be a gambler, and you can’t profess to have a crystal ball,” says state treasurer Dale Folwell.
Fund now projected to meet return expectations over the next 30 years.
Pension fund assets grew $9.2 billion to $98.3 billion.