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Folwell Says State Employees Will End Up Paying Pension Costs At NCDOT

State Treasurer Dale Folwell. Photo courtesy nc.gov

State Treasurer Dale Folwell is amplifying his criticism of finances at the North Carolina Department of Transportation. 

Folwell has already had harsh words for the DOT, which in 2018 began instituting large pay increases for more than 7,000 of its employees.

The raises will also mean a boost in pension payouts when those workers retire.

Folwell says that will add up to $176 million over the next 12 years, much of which will have to come from contributions put in by other state agencies and school systems.

NCDOT spokesman Steve Abbott says the pay increases were justified, adding that the treasurer never shared the projected pension costs with his department.

But in a statement released to The News & Observer, Folwell said, “The NCDOT knew exactly what they were doing with taxpayer money during a time when they are broke.”

The DOT has been under fire from the treasurer's office for overspending, compounded by recent natural disasters and losses suffered during the coronavirus pandemic.

Neal Charnoff joined 88.5 WFDD as Morning Edition host in 2014. Raised in the Catskill region of upstate New York, he graduated from Sarah Lawrence College in 1983. Armed with a liberal arts degree, Neal was fully equipped to be a waiter. So he prolonged his arrested development bouncing around New York and L.A. until discovering that people enjoyed listening to his voice on the radio. After a few years doing overnight shifts at a local rock station, Neal spent most of his career at Vermont Public Radio. He began as host of a nightly jazz program, where he was proud to interview many of his idols, including Dave Brubeck and Sonny Rollins. Neal graduated to the news department, where he was the local host for NPR's All Things Considered for 14 years. In addition to news interviews and features, he originated and produced the Weekly Conversation On The Arts, as well as VPR Backstage, which profiled theater productions around the state. He contributed several stories to NPR, including coverage of a devastating ice storm. Neal now sees the value of that liberal arts degree, and approaches life with the knowledge that all subjects and all art forms are connected to each other. Neal and his wife Judy are enjoying exploring North Carolina and points south. They would both be happy to never experience a Vermont winter again.

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