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North Carolina's public employees retirement system is underfunded, bled more than $2 billion in red ink in the most recent 12-month period reported, and is outperformed by most other states, data show
A recent study concluded that North Carolina's $87 billion state pension fund is the second-best performing plan in the nation, even though new government-mandated accounting methods show it might be underfunded by more than $15 billion instead of operating in the black, as official state figures...