Scoop December 2013

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The SEANC Scoop STATE EMPLOYEES ASSOCIATION OF NORTH CAROLINA IMPORTANT LINKS

December 6, 2013

Member-Only Discounts SEANC Insurance SEANC in the News Update Contact Info Calendar of Events The Reporter

SEANC on Treasurer Janet Cowell's Poor Investment Performance and Pursuing a Risky Investment Strategy State Treasurer Janet Cowell tried to spin her poor investment performance as a positive in order to justify her legislative agenda to move more of state employees' retirement funds into risky alternative investments. Cowell's investment strategy only achieved 4.89 percent in gains for the quarter ending Sept. 30, 2013. In a press release, Cowell tried to disguise her poor performance results with another call "to continuing to diversify the portfolio to keep it growing for the families across our state who depend on it." In today's News and Observer SEANC's Legislative Director Ardis Watkins said “It is ironic that Treasurer Cowell is using these dismal results showing underperforming alternatives as her rationale for wanting to throw more money down that rabbit hole.”

Insurance Cards May Have Errors State Treasurer Janet Cowell’s State Health Plan insurance card errors could cost you big money! Please look to see that the plan you selected is the one that is on your ID card. For active state employees the choices are an 80/20 PPO or a 70/30 PPO. For retirees the choices are a Medicare Advantage Plan or a 70/30 PPO. SEANC has been contacted by members who have noticed that their State Health Plan insurance selection is wrong on their new insurance cards. Take a moment to read your card and verify that the selection you made is the one on your card because if your selection


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