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.
Press Releases
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.
State Treasurer Brad Briner announced today Moody’s has affirmed North Carolina’s Aaa rating on its outstanding general obligation bonds. The credit rating agency declared: “North Carolina is one of the strongest states according to nearly every measure.”In its rating Moody’s said: “North Carolina's Aaa issuer rating recognizes very low leverage … and an economic growth rate that continues to outperform nearly all other states in the region.”
The city of Charlotte (Mecklenburg County) will move forward with long-planned street work and neighborhood improvements after receiving Local Government Commission (LGC) approval of a $200 million request to issue a short-term bond.
The North Carolina Department of State Treasurer and CVS Caremark (Caremark) have successfully reached an agreement regarding their ongoing contract dispute, securing hundreds of millions of dollars on behalf of the members of the State Health Plan (Plan). This agreement provides certainty to both parties around pharmacy pricing and payments. Additionally, this agreement gives the Plan the ability to negotiate directly with manufacturers of GLP-1s to potentially restore coverage of weight-loss medications to members.