State Treasurer Brad Briner and the North Carolina Supplemental Retirement Plans Board of Trustees (Board) unanimously approved a 12-month waiver extension of its administrative fee. This action was taken at the regularly scheduled quarterly Board meeting held on Feb. 20 and will save the NC 401(k) Plan and NC 457 Plan (Plans) participants approximately $1.7 million over the next year.
Press Releases
Andrew Hoffmann has been hired as Investment Director for the Department of State Treasurer’s Investment Management Division, State Treasurer Brad Briner announced today. “Andy will serve a critical role as we continue to rebalance assets in the North Carolina Retirement Systems to better align with long-term investment objectives, including eliminating our pension deficits,” Treasurer Briner said.
Brandon Watson has been appointed the Department of State Treasurer’s Chief Financial Officer, State Treasurer Brad Briner announced today.
Charlotte will have the means to address crowded and deteriorated streets and enhance efforts to reduce traffic fatalities now that the Local Government Commission (LGC) has approved $400 million in general obligation bonds. The Charlotte bonds were approved by voter referenda in the November election. They cover three main project areas: Transportation ($238 million), housing ($100 million) and neighborhood improvement ($61.7 million). A tax increase estimated at .25 cents per $100 of assessed property valuation is expected to cover the costs.
The Department of State Treasurer (DST) is poised to begin approving loans this month from a $100 million program created to help local governments still reeling from the ravages of Hurricane Helene, State Treasurer Brad Briner announced at today’s Council of State meeting.
Sam Watts has been named to the North Carolina State Health Plan Board of Trustees, State Treasurer Brad Briner announced today. Watts was named Executive Director of the North Carolina Retirement Systems by Treasurer Briner in January 2025. He previously served as Executive Administrator of the State Health Plan and as the legislative liaison and senior public policy advisor for the Department of State Treasurer. Treasurer Briner’s appointment of Watts fulfills the requirement that a state employee must be a representative on the 10-member Board of Trustees.
North Carolina State Treasurer Brad Briner announced today that Loretta Boniti will join the Department of State Treasurer as the Director of Strategic Communications and Media Relations. Loretta joins the Department from Spectrum News 1, where she served as a political anchor and senior political reporter.
State Treasurer Brad Briner announced today that Jeff Poley will manage the $100 million cashflow loan program appropriated by the General Assembly to the Department of State Treasurer (DST) to assist local governments affected by Hurricane Helene.
State Treasurer Brad Briner announced today that year-end tax documents for retirees and benefit recipients are now available. The North Carolina Retirement Systems (RSD) has released 382,101 electronic 1099-R and W-2 documents well ahead of schedule.
The Local Government Commission (LGC) voted Tuesday, Jan. 7, to approve $387 million spread across three applications from Mecklenburg County for public safety, education and recreation projects and bond refinancing.