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A few bright spots in an otherwise bleak economy

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in Human Resources

One piece of reassuring economic news for North Carolina state workers: The pension kitty is fully funded and continues to outperform other government pension funds, despite a bleak economic year.

The fund covers pension benefits for 820,000 state and local government employees.

One other much-needed reason for cheer came in an announced rate reduction for workers’ compensation insurance. Premiums will drop 4.4% in April in the voluntary market and 3.8% for assigned risk.

Insurance Commissioner Jim Long said the cuts should save North Carolina employers about $65.5 million.

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