The State Employees Association of North Carolina is calling on state Treasurer Janet Cowell to withdraw all investments in hedge funds immediately in light of the same move by the California Public Employees Retirement System (CalPERS), the nation’s largest pension fund, Monday.
CalPERS plans to eliminate all $4 billion of its hedge fund investments over the next year. The impact of this action could potentially lead to a “run on the bank,” with other pension funds and investors pulling out of the now $2.8 trillion hedge fund industry.
If North Carolina waits until other investors have taken their money and assets are devalued, state employees and retirees could lose even more than they already have by being in these risky investments.
2014-15 Board Training
2014-2015 Board Training
October 9-10, 2014
SEANC Central Office
1621 Midtown Place
YOUR SCHOLARSHIP PROGRAM
One of the outstanding benefits of SEANC membership is its scholarship program for active and associate members, their spouses and dependent children.
Membership in teachers' organizations or the State Employees' Credit Union (SECU) does not constitute eligibility for a SEANC Foundation scholarship. However, state employees and retirees are eligible to join SEANC if they so desire.
Find out more about the criteria from the SEANC scholarship brochure.
DEADLINE (PASSED FOR 2014)
SEANC scholarship applications are now available. Completed applications must be sent to your district scholarship chairperson postmarked no later than April 15.
Each year the endowment of the popular SEANC scholarship program grows, primarily through SEANC state and district-level fundraising events and individual donations. If you would like to make a tax-deductible donation to the SEANC Scholarship Foundation, please fill out the contribution form today or give through the State Employees Combined Campaign (designate 1563).
Contact Beth Dew at firstname.lastname@example.org or 919-833-6436 or 800-222-2758.