US - State and local North Carolina governments will have to increase their contribution rate into the North Carolina Retirement Systems to 6.71% to make up for an underfunded status, the state treasurer said.
Treasurer Janet Cowell said the funded status of the scheme fell to 99.3% at the end of 2008, down from 104.7% the previous year. She said: "Even if we achieve investment target returns as the e...
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