State Rep. Allen McNeill
State Treasurer Dale Folwell and the respective boards of trustees of the Teachers’ and State Employees’ Retirement System have approved a resolution honoring retiring State Rep. Allen McNeill for his contributions to the retirement systems of North Carolina.
McNeill, whose district includes parts of Randolph and Moore counties, announced his retirement from the North Carolina General Assembly in December of 2021 after serving five terms.
As chairman of the House Pension and Retirement Committee, he has been instrumental in making the state’s retirement system one of the best in the country, Folwell said. McNeill introduced 39 retirement policy bills as a primary sponsor, 21 of which have become law.
“It’s hard to say in words the contributions that Representative McNeill has made to the retirements of those that teach, protect and otherwise serve the people of North Carolina,” Folwell said. “But for his leadership as pensions committee chair, our benefit plans wouldn’t be as secure. Not just his constituents in Randolph County, but nearly one million current and future generations of public service workers are indebted.”
State Treasurer Dale Folwell
The resolution cites a number of accomplishments that McNeill, as chairman of the House Pension and Retirement Committee, helped bring about, including a stress-testing of the state system and the updating of processes for enrolling and pay-outs.
The resolution honors McNeill with the first ever “Order of the Keeper of the Public Purse,” highlighting his role in making improvements to preserve the North Carolina Retirement Systems and maintain its sustainability for current and future public employees.
The honor is the highest recognition that can be granted by the state treasurer. The award is being established by Folwell as a way of recognizing achievements that heed the call of former Treasurer Harlan Boyles in his 1994 book, “The Keeper of the Public Purse,” to guard the purse of the citizens of North Carolina.
The North Carolina Retirement Systems is the ninth-largest public pension fund in the country, with a current estimate value of nearly $113 billion. It provides retirement benefits and savings for more than 950,000 North Carolinians, including teachers, state employees, local government employees, firefighters, police officers and other public workers.
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(1) comment
Congratulations Allen. Ed
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