Bringing The World Home To You

© 2021 WUNC North Carolina Public Radio
120 Friday Center Dr
Chapel Hill, NC 27517
919.445.9150 | 800.962.9862
91.5 Chapel Hill 88.9 Manteo 90.9 Rocky Mount 91.1 Welcome 91.9 Fayetteville 90.5 Buxton
Play Live Radio
Next Up:
Available On Air Stations

NC Pension System One Of Nation's Best Funded

Pew Center on the States
Pew Center

North Carolina is one of only four states to have funded its pension obligations over 95%. The latest report from the Pew Center on the States finds that most states are falling further behind in their contributions to public employee retirement funds. David Draine is senior researcher at the Center. He says North Carolina continues to put aside enough money to fund the vast majority of its $80 billion pension bill.

David Draine: In terms of retiree health benefits, the state does need to improve. They promised retirees about $34 billion and only funded 3% of that, and have fallen short in making their recommended contributions.

Draine says many states have only recently begun calculating their retiree health benefit obligations. The national funding average is higher than North Carolina's, but still only 8%.

More Stories