NCRSP is your state-wide association for retired school teachers, administrators and staff.  We represent our members' interests in the State Retirement System and State Health Plan before the General Assembly.  We help our members serve their communities through volunteer projects that impact the communities' needs. 

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Part of  Richard Moore's statement:

As of June 30th, the companies being watched most carefully made up about 0.3 percent of the pension fund.  Many of our holdings in those companies have decreased, some dramatically, since that time.  That shows that our managers have seen the problems coming and responded appropriately.

Our insistence on being diversified, within our stock portfolio and across different kinds of investments, is more important now than ever.  While the stock market, and especially financial sector stocks, have been volatile, many of the fund’s other investments are doing well.  The fund’s bonds, alternative investments and real estate holdings continue to perform well and provide support to the pension fund.  In our stock and bond portfolios, we have remained committed to high quality investments, something that continues to pay off.

I want to reassure members of our pension fund that your fund is structured to weather market downturns and shifts.  That is why we carefully invest the pension fund and responsibly manage the retirement systems.

sent by:

Pam Deardorff

Executive Director

North Carolina Retired School Personnel