State Employees Association of North Carolina

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Pension underperforms its peers by $1 billion

North Carolina’s pension system continues to underperform when compared to its national peers.

This week, state Treasurer Janet Cowell released the results of the state pension fund performance for fiscal year 2013-14. The numbers showed, despite her attempts at a positive spin, that her investment efforts continue to come in below the national median and that North Carolina’s returns were more than $1 billion behind its peers.

Latest Events

23rd

State EMPAC Committee Meeting

State EMPAC Committee Meeting

August 23, 2014

10:00 a.m.

SEANC Central Office

1621 Midtown Place

Raleigh, NC 27609

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SEANC News

Successful membership recruitment key to SEANC

8.15.2014

Membership is SEANC’s lifeblood, and over the last two weeks, SEANC has seen an upswing in successful recruitment efforts.

Since the end of July, SEANC has welcomed more than 170 new members into its fold – members who realize the importance of effectively advocating for themselves and the vital public services they provide.

Pension underperforms its peers by $1 billion

8.15.2014

North Carolina’s pension system continues to underperform when compared to its national peers.

This week, state Treasurer Janet Cowell released the results of the state pension fund performance for fiscal year 2013-14. The numbers showed, despite her attempts at a positive spin, that her investment efforts continue to come in below the national median and that North Carolina’s returns were more than $1 billion behind its peers.

Five of Top 10 Policy Platform Objectives achieved so far

8.8.2014

Gov. Pat McCrory signed the budget adjustment bill passed by the General Assembly on Thursday, giving official approval to pay raises and vacation days for state employees and a cost-of-living adjustment for retirees.

But gaining the COLA for retirees and the largest overall compensation increase for most state employees since 2007-2008 weren’t the only priorities that SEANC and its members had during this session.

As of Aug. 6, SEANC had achieved five of the Top 10 Policy Platform Objectives and numerous other items important to public services and the people who provide them. 

Finally! Budget agreement includes raises, vacation days & COLA

8.1.2014

State budget writers announced early this week they finally reached an agreement on a new budget for 2014-15 – nearly a month into the new fiscal year – they are confident the governor will sign.

Under the proposed plan, which has passed the Senate, state employees would see a $1,000 base salary increase and five bankable bonus days of leave. State retirees would see a 1-percent cost-of-living increase. The pay raise will be retroactive to June 30 and the vacation days will go into effect Sept. 1.

Still waiting: General Assembly goes quiet on budget

7.25.2014

State budget writers do not appear to be any closer to an agreement than they were when the week began, despite closed-door meetings between the governor and lead senators and a new offer from the House.

The latest offer from the House, made privately to the Senate, offers a 7-percent raise to teachers – up from the original 5 percent and then 6 percent offers. It would still keep other state employees at a $1,000 base salary pay raise and five days bonus leave. The House offer also has remained steady at a 1.44-percent cost-of-living adjustment for retirees.

General Assembly hears your voice on pay raises, but more calls are needed

7.18.2014

The budget negotiators in the House and Senate continued to work toward a compromise this week, and while some progress was made and only about $300 million actually separate the two sides, the chambers are far apart on how to bridge that final gap.

General Assembly continues to discuss budget; SEANC members, contact lawmakers now for pay equity!

7.11.2014

More than a week into the new fiscal year, the General Assembly has yet to pass a budget, and while the conference committee has been meeting regularly, negotiations are moving slowly. So far, budget conferees have come to a tentative agreement on a several key subjects, including Medicaid, lottery advertising and teacher tenure. They have not, however, come to an agreement on pay raises, including those for teachers and other state employees or retirees.

As these negotiations continue, SEANC members and lobbyists are strongly advocating for lawmakers to provide equal pay raises to teachers and other state employees, as well as a 1.9-percent cost-of-living adjustment for retirees.


General Assembly hopefully moving closer to budget

7.3.2014

Despite hopeful statements by lawmakers earlier in the session that a new spending plan would be in place by the end of the 2013-14 fiscal year and the session would be wrapped up by the Fourth of July holiday, there appears to still be at least a week to go.

While the General Assembly won't return to work until after the Fourth of July holiday weekend, on Wednesday, the members of the budget conference committee came to an agreement on Medicaid, came closer to an agreement on lottery revenue, and indicated they are nearly ready to begin negotiating other items such as state employee and retiree raises.

Hurry up and wait. Budget, pension secrecy bills stall

6.27.2014

The General Assembly’s budget conference committee continues to meet, but has yet to come to an agreement about how to pay for priorities such as state employee pay increases and retiree cost-of-living adjustments.

In the meantime, the legislature has continued to take up other bills and matters important to state employees, most notably an alternative budget approved by the House and the pension secrecy bill.

SEANC awards more than $120,000 in scholarships across state

6.26.2014

The SEANC Scholarship Foundation and 52 districts across the state recently announced they are awarding more than $120,000 in scholarships to help more than 100 SEANC members, spouses and dependents attend college this year.

Of that $120,000 in awards, $38,000 is being given out by the statewide SEANC Scholarship Foundation to 46 well-deserving students. Congratulations to all our winners, both on the state and district levels.

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