North Carolina's state employee's have failed in their legal attempt to stop the state's Governor Mike Easley from using $151m of state pension fund contributions to partially plug an $850m gap in the state's budget.
Judge Narley Cashwell dismissed the State Employees Association of North Carolina (SEANC) suit and said that the SEANC had failed to show that Easley’s plan to use pension fund contributions would ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here