The Local Government Commission (LGC) today approved requests from the city of Raleigh (Wake County) to issue $221 million in bonds to support its 17-story City Hall across the street from historic Nash Square and t
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Votes taken by the State Health Plan (Plan) Board of Trustees yesterday aim to improve health outcomes for members while also considering cost transparency and long-term affordability.
The North Carolina Retirement Systems (NCRS) Boards of Trustees (BOT) voted today to modify policies intended to make it easier to give retirees a cost-of-living adjustment (COLA) in their monthly benefit payments, effective in the fiscal year beginning in 2027.
The state’s Debt Affordability Advisory Committee (DAAC) voted today to approve a study that concluded the state has sufficient debt capacity to borrow nearly $2 billion in each of the next 10 years for capital projects and $155 million annually for transportation projects.
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.
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.
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.
N.C. Investment Authority Board OKs Resolution to Serve as Supplemental Retirement Plans' Fiduciary
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.
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.