2012 NC treasurer candidate Elmer running again

RALEIGH, NC (AP) – A Cary accountant and certified financial planner says he’s running again for North Carolina state treasurer.

Ron Elmer ran unsuccessfully in 2012, losing in the Democratic primary to incumbent Janet Cowell. Cowell announced this month she’s not seeking re-election.

Elmer says his financial world experience to manage the state’s portfolio makes him well qualified for the post.

The treasurer’s main responsibility is overseeing roughly $90 billion in retiree pension funds. Elmer says he would save taxpayers more than $100 million annually by managing in-house the state’s stock portfolio. Elmer says he previously managed some of that portfolio while working at First Citizens Bank.

The treasurer’s office also is responsible for the state employee and retire health insurance plan.

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