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SEANC Forensic Investigation into State Pension Plan Discovers $30 Billion Unaccounted for, Calls for SEC Intervention

The State Employees Association of North Carolina and Benchmark Financial Services announced today the filing of a complaint with the U.S. Securities and Exchange Commission’s Office of the Whistleblower after a forensic investigation found $30 billion (35 percent) unaccounted for in North Carolina’s Teachers’ and State Employees’ Retirement System (TSERS).

In announcing the filing of the complaint, SEANC and Benchmark released a forensic report
detailing a number of potential violations of state and federal law, as well as other concerns regarding the management of the $87 billion pension fund by State Treasurer Janet Cowell.

SEANC recognizes State Laboratory of Public Health in honor of Public Health Week

In SEANC’s third installment of our series on public health, we are taking a look at the State Laboratory of Public Health.

Often overlooked when considering the roles state employees play in keeping North Carolina healthy, it is, as Laboratory Director Dr. Scott Zimmerman said, the only area of public health that truly impacts the life of every person in North Carolina.

From testing drinking water, as well as air and soil samples for contaminates, to monitoring the state for communicable disease outbreaks, to cervical cancer screenings, to newborn screenings, the State Laboratory of Public Health is often in the background of people’s day-to-day lives. But without it residents would likely be less healthy and actions taken by the state and local governments to combat health concerns would likely be more costly.