Press Releases

State Treasurer Brad Briner announced today that Tim Melton will be the Department of State Treasurer’s interim general counsel. The move follows current General Counsel Ben Garner’s decision to resign at the end of this month to take a job in the private sector. “Ben has been a valued member of our senior staff. During his six years as general counsel, his steady-handed legal guidance has been exemplary. Ben’s professional judgment has been sound and trusted, and his dedication to public service unwavering. He will be missed,” Treasurer Briner said.

The North Carolina Retirement Systems (NCRS) has released 397,584 electronic 1099R and W2 tax documents for retirees and benefit recipients - well ahead of the statutory Jan. 31 deadline. By law, NCRS must generate and distribute these tax forms each year. This year, enhanced efficiencies within the Retirement Systems Division enabled NCRS to load nearly 400,000 documents shortly after the holiday weekend.

North’s Carolina’s appellate court agreed with a lower court ruling today, affirming a state law which allows the state treasurer to make an appointment to the North Carolina Utilities Commission. This appointment previously had been granted to the governor.“This is another affirmation that executive branch functions do not sit solely with the governor here in North Carolina. The entire Council of State is duly elected by all citizens of the state to carry out executive roles and responsibilities independent of the governor,” said Treasurer Brad Briner. 

The Local Government Commission (LGC) has approved a request from the city of R

The North Carolina Investment Authority Board of Directors was updated on important policies and guidelines today in its final preparation meeting before assuming fiduciary responsibility of the $139 billion state pension plan effective Jan. 1. Sole fiduciary status has been held by the treasurer, but State Treasurer Brad Briner successfully promoted legislative action to change to a five-member board structure.

The State Health Plan (Plan) has completed a difficult year, but now is projecting that the massive deficit it was facing on Jan. 1 has been addressed. Today the State Health Plan (Plan) Board of Trustees heard from Plan staff and consultants on where things stand now and strategies underway for 2026. 

The Local Government Commission today approved a $275,670,000 financing request linked to Duke Health System’s purchase of Lake Norman Regional Medical Center, now known as Duke Health Lake Norman. 

State Treasurer Brad Briner is hosted a press conference today to look back at a busy and successful year at the Department of State Treasurer.  “When I came into office, I inherited many challenges facing our divisions. Working with my talented team, we made some hard but necessary decisions, resolved issues, established winning strategies and implemented forward-looking policies,” said Treasurer Briner.  

The North Carolina Investment Authority (NCIA) met today and approved a Board of Directors charter, policy manual and budget — key steps needed to transfer statutory investment powers and duties from the Department of State Treasurer (DST) to the authority, effective Jan. 1, 2026.The current investment team reported to the authority assets under management in the North Carolina Retirement Systems (NCRS) grew to a record $139.1 billion as of Sept. 30, a steep increase over the 2024 year-end market value of $126.5 billion.

State Treasurer Brad Briner is offering condolences and prayers to the family and friends of Vernon Gammon today. Gammon passed away over the weekend. In a statement Briner said: “Vernon Gammon served with distinction on the Board of Trustees of the Teachers’ and State Employees’ Retirement System since 2017. We have appreciated his wisdom and even-keeled leadership on the Board. He was the type of person who listened first and then worked to bring people together to reach consensus on issues before the Board. He will be greatly missed.”