In order to provide potential cost-of-living adjustments (COLA) or other benefits adjustments, financial benchmarks and statutory requirements must be met, members of the Teachers’ and State Employees’ Retirement System (TSERS), and the Local Governmental Employees’ Retirement System (LGERS) Boards of Trustees were told at the regularly scheduled board meeting on November 5.
Topics Related to Treasurer Briner Administration Press Releases
For the second time in less than a week, North Carolina’s Triple-A issuer rating has been reaffirmed. State Treasurer Brad Briner announced today that Moody’s Ratings has joined S&P Global in giving North Carolina its highest rating (Aaa) on its outstanding general obligation bonds.
The Local Government Commission (LGC) voted Tuesday to begin a formal process to determine whether two financially troubled North Carolina towns, Ronda (Wilkes County) and Rowland (Robeson County), can be financially rehabilitated or should ultimately be dissolved.
State Treasurer Brad Briner announced today that S&P Global Ratings has reaffirmed North Carolina’s AAA rating on its outstanding general obligation bonds.
The North Carolina Department of State Treasurer is launching the N.C. Fiscal Policy Challenge, a statewide financial literacy competition. High school aged students are invited to develop ideas for strengthening North Carolina’s financial future. Student teams will research a state policy issue, develop solutions and present their ideas.
State Health Plan Board of Trustees vote to increase funding
As part of the ongoing efforts to keep the State Health Plan (Plan) affordable for its 750,000 members while keeping it solvent, Atrium Health and the Plan have entered into a new contract. Atrium Health came into this multi-year agreement with the goal of making sure members can keep receiving care at its leading hospitals, and from the physicians and care teams they know and trust.
“We will be good stewards of this wonderful gift,” said Antonia M. Richburg, Ph.D, President and CEO of United Way of Forsyth County.
Monday afternoon, Richburg joined Treasurer Brad Briner at the North Carolina State Fair, where he presented her with a check for over $20,000. This money was discovered in the state’s Unclaimed Property fund and rightfully belongs to the organization.
In light of a judge’s initial ruling allowing Atrium Health’s Affordability Program (Program) to continue, the State Health Plan (Plan) is now building upon Atrium’s commitment to Plan members and enhancing its impact. Beginning Jan.
A Superior Court judge denied the State Health Plan’s (Plan) request for a temporary restraining order against Atrium Health’s “Affordability Program” (Program) on Tuesday. While this is not the outcome we were hoping for, in the ruling from the bench, the judge did acknowledge our argument that the Program could cause irreparable harm to the Plan. While other legal pathways continue to be explored, the Plan is now forced to consider all options to keep the Plan solvent for 2027 and beyond, which includes having to raise all member premiums, whether they are Atrium patients or not