Moore on pension

Treasurer Richard Moore said North Carolina's state employee pension fund is in good shape.

Speaking at the Democratic Women of Wake County's annual Jefferson-Jackson Breakfast this morning, the likely gubernatorial candidate said that in 2001 most state pension funds were "actuarially sound."

But he cited a recent Wall Street Journal article that found just three states — including North Carolina — still had enough money to make their expected payments.

He also took a shot at the state rated higher, Florida, and its role in the 2000 elections.

"I want to remind you that those Floridians have a history of not being able to count very well," he said.

Moore did not note that he has been criticized in recent weeks for seeking campaign donations from investment firms who work with the fund or that a bill would strip his office of the sole authority to run the pension fund.