State Treasurer

The State Treasurer manages the healthcare and pension plans for teachers and other state employees. The State Treasurer also helps the state and local governments manage their debt.

There are 2 candidates for the office of North Carolina Treasurer.

Dale Folwell (R)
Ronnie Chatterji (D)

All answers are provided in text and audio files for each candidate. To navigate through the questions you may either scroll through this page to read or listen to their answers, or use the links below to jump directly to specific questions.

The primary candidates for the office of State Treasurer were each asked the following questions:

The complete audio of all responses for the Treasurer’s race:

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Question 1: What are your top three priorities?

Dale R. Folwell (R)

Remain LOYAL to those that teach, protect or otherwise serve.
Preserve and Strengthen public employee pension/healthcare and R(x) plans.
These sound simple, but far from easy. No one calls OST to book a cruise. They call because of life changing events as public servants. Some good, some bad. At over $107 billion, the pension plan alone is the 26th largest pool of public money in the world. Along with the other 2 plans, we spend over $750 million every 30 days. We deliver checks!

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Ronnie Chatterji (D)

1. Advocate for affordable healthcare through the expansion of Medicaid and improving the State Health Plan.

2. Reduce barriers to economic mobility through the creation of individual retirement accounts for every North Carolinian.

3. Restore fiscal discipline to the North Carolina retirement systems so we can offer competitive benefits to state employees.

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Question 2: What can you do in this role to ensure that ABLE accounts are more effective for people with disabilities?

Dale R. Folwell (R)

We just celebrated the 5th year of the ABLE enabling legislation. My role as Chairman of the ABLE board has always been focused on the "effectiveness" and the "efficiency" of the plan. From an efficiency perspective, we are part of a multi-state consortium. But for the collective buying power of all these states, the administrative costs to NC ABLE account holders would be prohibitive. The account totals across the consortium are far BELOW original forecasts. This will present a unique financial challenge at renewal.

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Ronnie Chatterji (D)

As Treasurer, I will advocate the expansion of the eligibility criteria for ABLE accounts. Further, the Treasurer should commission a study to assess the costs and benefits of making contributions to ABLE accounts deductible from state income tax. We can use this evidence to propose legislation to improve the effectiveness of ABLE accounts.

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Question 3: What would you do to increase the awareness and adoption of ABLE accounts?

Dale R. Folwell (R)

We have adopted the model to organically grow the awareness/adoption of ABLE accounts. That happens by partnering with groups like Disability Rights of NC and others. I constantly observe what other states are doing. Outreach has been challenging in a COVID world. Out of respect for the general decline of non-profit revenue, I have ordered that financial pledges to groups and events be honored even as many of the have been cancelled. I have NEVER declined an invitation to increase awareness for the ABLE program.

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Ronnie Chatterji (D)

If elected your Treasurer, I will work to improve financial literacy and help families save and invest for the long term. ABLE accounts are a financial innovation that ought to be widely publicized. I would mention these accounts in speeches across the state, promote them through social media and convene a national conference in North Carolina to discuss strategies to increase savings for people with disabilities.

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Question 4: What will you do to promote employment of people with disabilities on your staff, in your agency, and through the funds you manage?

Dale R. Folwell (R)

Based on where I started in life, I'm the least likely person to ever be selected as the NC State Treasurer. That journey as an underdog was accomplished by hope, luck,the joy of achievement and by standing on the shoulders of many who expected the most out of me. I have found those with disabilities to have similar qualities. If you were to meet my campaign manager, you may visually consider him disabled. I can assure you that his integrity, ability and passion are not!

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Ronnie Chatterji (D)

The Department of State Treasurer can operate most effectively if we leverage a diverse set of perspectives, including from people with disabilities. I will task an individual in the Department to lead our diversity efforts, ensuring that we consider diversity in every decision we make, ranging from how we hire to how we select to manage our funds. Finally, I will release data on the diversity of our staff and our investment managers.

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Question 5: What will you do to ensure appropriate health insurance coverage for state employees and retirees with disabilities?

Dale R. Folwell (R)

The pension plan is one of the best funded in the country/world.The State Healthplan(SHP) is one of the most insolvent. This isn't political, its mathematical. The pension gets funded every 30 days. The SHP has not been prefunded for 40 years. Our costs are going up faster than the funding. In light of that, by taking advantage of our largeness, we have frozen all premiums for 3 years and just negotiated our mediCARE contract at no cost to members or taxpayers.Savings equal one billion.

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Ronnie Chatterji (D)

The State Health Plan must be affordable and accessible. I will initiate a comprehensive review of the benefits offered by our State Health Plan and compare this to other states and private employers. I will pay special attention to coverage for those with disabilities. If we are not offering competitive benefits to our state employees and retirees, including those with disabilities, I will identify strategies to close the gap.

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