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.
Press Releases
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.”
State Treasurer Brad Briner announced more transactions from NCDST which will save taxpayers a total of $160 million. Today, the Department refunded or purchased by tender older General Obligation bonds which were issued for numerous capital projects around the state.
Affordable housing remains a challenge in North Carolina, and the Local Government Commission (LGC) continues to fulfill its role in attacking the problem. Commission members approved financing requests today totaling just over $370 million for affordable housing and retirement home projects around the state.
In order for the North Carolina’s pension system to move forward, it has to take a deep dive looking back every five years. Today the North Carolina Retirement Systems (NCRS) Board of Trustees (BOT) got updates needed to determine things like cost-of-living adjustments and employer contribution rates. There is a long list of factors that goes into determining when COLA’s or one-time bonuses can be recommended. As things stand right now, some of the criteria is not met for 2026 — but no votes would come from the BOT until January.
Some N.C. State Fair goers went home with more than just great memories. NCCash.gov was set up for the entire run of the fair in the Kerr Scott Building for anyone to stop by and see if they had any unclaimed property. By the final fireworks on Sunday night, 488 fairgoers had found $185,796. If anyone missed out, you can always check out the website at home to see if you have any missing money.
North Carolina taxpayers will save millions of dollars as a result of old bonds — issued for numerous capital projects around the state — being refunded at a lower interest rate. This savings is thanks to the work of the State and Local Government Finance Division (SLGFD) to modernize the state’s debt processes.
The North Carolina Retirement Systems (NCRS) is modernizing and improving the user experience. Beginning in early 2026, the ORBIT member portal will launch a streamlined, single sign-on (SSO) login powered by ID.me — a trusted digital identity platform used by federal and state agencies nationwide.
More good news from bonding agencies today - as S&P assigned another AAA bond rating to North Carolina’s outstanding general obligation bonds. This is the highest ranking a state can be given and indicates it is both financially stable and has a high level of credit worthiness.
“I’ve been wanting to go to the State Fair” for years, Donna Lambert said. This year she had thousands of reasons to attend after money intended for Help Ministries of Troutman was discovered in Department of State Treasurer (DST) safekeeping. State Treasurer Brad Briner handed Lambert a check for $12,829.10 today during a presentation at the fair.