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Friday, March 6, 2020
Retirement system in good shape to weather Coronavirus turmoil North Carolina announced its first confirmed case of COVID-19 Coronavirus this week, involving a Wake County man who had recently visited a nursing home in Washington state where a wellpublicized outbreak has occurred. A second case was announced Friday involving a Chatham County man who traveled to Italy recently. The uncertainty surrounding the virus has already had a negative impact on the stock market. EMPAC Statewide Chairman and District 39 retiree Mark Dearmon was featured on a Spectrum News story this week discussing the downturn and the possible impact on state retirees. Market turmoil like this is why SEANC opposes gambling pension money on risky investments. State Treasurer Dale Folwell has taken criticism from his opponents for his cautious approach to investing, but his actions have made the retirement system more secure and able to weather downturns. The State Health Plan is encouraging all state employees and retirees to take the proper precautions to avoid the virus, including effective handwashing techniques. Please refer to the Centers for Disease Control’s COVID-19 information site for updates and more information on the illness.
State Health Plan taps BCBSNC as third-party administrator again State Treasurer Dale Folwell announced Friday that the State Health Plan awarded Blue Cross and Blue Shield of North Carolina (BCBSNC) as its third-party administrator through 2024. Folwell estimates that the new contract will result in $170 million in savings for the plan because of decreased administrative and network costs. BCBSNC was one of three companies bidding for the contract. Aetna and United Medical Resources, which is a subsidiary of UnitedHealthcare, also submitted proposals.
Health plan conducting pre-retirement meetings across the state The State Health Plan is getting ready to kick-off its Pre-65/Pre-Retirement meetings for 2020. The first meeting will be held on March 24 in Cary, and they will continue all over the state through June 18. These sessions are targeting SHP retirees who will be turning 65 during the next 24 months as well as members who are 66 or older and actively working (and perhaps thinking about retirement). Members interested in attending should go to the plan’s website or call the plan’s office at 919-814-4400 to register. The plan will also conduct webinars for those who are unable to attend a session in their area. The dates and times of the webinars may be found on the plan’s website as well.
SEANC headed west for food truck event in Morganton Did you know that Morganton has one of the largest concentrations of state employees and retirees in the state? Districts 5, 6 and 7 will host an Employee Appreciation event at the State Employees' Credit Union on Enola Road in Morganton on March 18 from 10 a.m. to 2 p.m. The event will feature a food truck, and state employees and retirees are invited to come out, enjoy a meal and hear all about the State Health Plan, retirement, pay raises and other legislation, as well as our many insurance products and discounts in the area! If you would like for SEANC to host a similar event in your area, please contact us by clicking here.
www.seanc.org | The State Employees Association of North Carolina | © 2020
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