State Treasurer Janet Cowell announced the creation of a new, 11-member commission to make recommendations for sustaining and strengthening the state pension fund.
The commission, whose members have not been named, will craft proposals for, among other needs: providing adequate retirement income, managing investments and their risks and attracting and retaining the workforce that state and local governments need.
Cowell, who oversees the state pension fund, made the announcement during a pre-retirement planning and workforce symposium at N.C. State University Friday. She said the current economic crisis provides an opportunity to design a retirement system for the state's future workforce.
"Hopefully North Carolina can be a model for a how a public plan can evolve through these times," Cowell said in a prepared statement, "and still have a strong, secure, and safe retirement for the people who lead a life of public service."
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