News
NC pension fund gains as Social Security insolvency concerns loom
NC’s pension fund is showing stronger results, while Briner is urging workers to supplement those public benefits with savings of their own.
News
Treasurer Briner uncovers $170M in unspent taxpayer money
North Carolina State Treasurer Brad Briner announced on Thursday that his office has found $170 million in unspent and unallocated funds. The discovery was made as part of a detailed review of the state’s accounts.
News
New NC law creates investment oversight board for public retirement funds
The law creates the NC Investment Authority to modernize investment management and oversee $129B in pension, education, and transport funds.
News
NC Treasurer Briner lays out plan to fix pension and health plan deficits, boost retiree COLAs
On his first press call with reporters on Monday, North Carolina State Treasurer Brad Briner acknowledged that his department has a lot on its plate.
News
NCInnovation board selects investment manager for $500 million taxpayer-funded endowment
The board of directors of NCInnovation (NCI), the private nonprofit given $500 million in taxpayer funds to help commercialize public university research, voted Thursday to select Wells Fargo as the investment manager for NCI from more than a dozen financial institutions who submitted bids.
Opinion
Governors matter to business leaders
Business investment in the months before election days is lower in states with gubernatorial elections than in states without them, illustrating the costs of political uncertainty.
News
Treasurer’s department veterans overseeing retirement investments
Two longtime employees of the N.C. Department of State Treasurer are overseeing government retirees’ investment funds. Jeff Smith and Christopher Morris have been appointed interim directors of the treasurer’s Investment Management Division. State Treasurer Dale Folwell made the announcement during the latest installment of his monthly “Ask Me Anything” session. He did not announce a...
Opinion
Cowell’s New Enervation Fund
For as long as there have been state treasurers managing state pension funds, there have been attempts by political insiders to scam some of the money with promises of “creating jobs.”
Opinion
A Political Contest Worth Treasuring
The state treasurer’s race is the most important political contest in North Carolina that isn’t making the daily headlines.
Opinion
Call. 60: Buyer Beware: Some State College Saving Plans Don’t Add Up
Are tax-sheltered state college saving programs, such as North Carolina's College Vision Fund, a good buy or a big scandal? According to a recent article by Forbes magazine reporters Thomas Easton and Michael Maiello, many of the funds suffer from inflated fees, limited disclosure and corruption. "Be sure you're an educated investor," warn Easton and Maiello.
