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Red tape delays death benefits for family of trooper killed in line of duty


Red tape delays death benefits for family of trooper killed in line of duty
Red tape delays death benefits for family of trooper killed in line of duty
By Nick Ochsner | April 22, 2021 at 7:11 PM EDT - Updated April 22 at 7:53 PM
GOLDSBORO, N.C. (WBTV) – It took nearly a year for the State of North Carolina to pay Alex Sanders death benefits after her husband was killed in the line of duty.
Sanders’ husband, Trooper Nolan Sanders, died March 27, 2020 in a single-vehicle accident while on duty with the North Carolina State Highway Patrol.
The medical examiner issued a cause of death in Sanders’ case soon after the accident but, by law, a death investigation still had to be completed before his family could receive the death benefits they were owed. ....

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North Carolina Lowers Assumed Rate of Return for State Pensions to 6.5%


Investment rate cut is the third made by the state in the past four years.
The $116 billion North Carolina Retirement Systems has lowered its assumed rate of investment return for the third time in four years, cutting it by 50 basis points (bps) to 6.5% from 7% annually.
The target return had already been reduced to 7.2% from 7.25% in 2017 and again in 2018 to 7%. Prior to then, the rates had been left unchanged for nearly six decades even though the two main state pension funds the Teachers’ and State Employees’ Retirement System and the Local Government Employees’ Retirement System have, on average, underperformed their assumed rates of return over the past 20 years. In fact, the new target rate of 6.5% is still higher than the fund’s estimated 20-year return of 6.28%. ....

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