Topics Related to RSD Press Release

State Treasurer Brad Briner is responding to the budget proposal put forward by Gov. Josh Stein today:

“We are disappointed the Governor is proposing for only the second time in 83 years to not fully fund our state’s retirement system.  This proposal sent to lawmakers today would create a $206 million shortfall in the funds for our retirees over the next two years,” said Treasurer Briner.

The Treasurer said he is confident legislative leaders will take the needs of the state’s retirees more seriously.

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.    

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.

Treasurer Dale R. Folwell, CPA, and the North Carolina Supplemental Retirement Plans Board of Trustees (Board) unanimously approved a 12-month waiver of its administrative fee at the regularly scheduled quarterly Board meeting held on Feb. 22, saving NC 401(k) Plan and NC 457 Plan (Plans) participants approximately $1.6 million over the next year.