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Treasurer, governor disagree on funding state retirement plan | North Carolina

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www.thecentersquare.com – By David Beasley | The Center Square contributor – (The Center Square – ) 2025-03-21 11:40:00

(The Center Square) – Fully funding the state retirement plan is not within the budget proposal of the North Carolina governor, says state Treasurer Brad Briner.

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

Briner expressed confidence that legislative leaders will “take the needs of the state’s retirees more seriously.”

The governing board of the state retirement system recommended in January that the state increase its contribution to the pension plan by $44.3 million for fiscal year 2026. About 371,932 people receive state retirement payments.

Gov. Josh Stein’s office disputes Briner’s allegation that the budget proposal fails to fully fund the retirement plan.

“The governor respects and values retired state employees, which is why his recommended budget more than fully funds the state retirement system,” Stein’s office said in a statement. “Governor Stein’s proposal holds the state’s contribution rate steady, which will provide over $380 million more than what actuaries say is necessary in FY 2025-26, and over $551 million more than recommended for the biennium. Governor Stein is committed to protecting the retirement benefits of these employees who have given so much to our state.”

However, Briner maintains that keeping the state’s contribution rate the same is actually a decrease.

“Under the process long used for measuring these types of proposals, the governor’s budget proposal calls for $0 in new money” for the retirement system, Briner’s office said in a statement. “That is because it would make no increase to the contribution rate for already-promised benefits” as a percentage of salaries.

According to Briner’s office, the state retirement plan’s investment performance has lagged other states for decades. The result has been that the state’s contributions to pensions have doubled in the last decade, costing taxpayers the equivalent of $2 billion.

Briner has proposed creation of a board of professional experts appointed by the Legislature, treasurer and governor to manage the retirement system’s investments. The board would be chaired by the state treasurer. Forty-seven other states have similar boards, according to Briner.

The post Treasurer, governor disagree on funding state retirement plan | North Carolina appeared first on www.thecentersquare.com

News from the South - North Carolina News Feed

White House officials hold prayer vigil for Charlie Kirk

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www.youtube.com – ABC11 – 2025-09-14 22:40:21


SUMMARY: Republican lawmakers, conservative leaders, and Trump administration officials held a prayer vigil and memorial at the Kennedy Center honoring slain activist Charlie Kirk, founder of Turning Point USA. Kirk was killed in Utah, where memorials continue at Utah Valley University and Turning Point USA’s headquarters. Police say 22-year-old Tyler Robinson turned himself in but has not confessed or cooperated. Robinson’s roommate, his boyfriend who is transitioning, is cooperating with authorities. Investigators are examining messages Robinson allegedly sent on Discord joking about the shooting. Robinson faces charges including aggravated murder, obstruction of justice, and felony firearm discharge.

White House officials and Republican lawmakers gathered at the Kennedy Center at 6 p.m. to hold a prayer vigil in remembrance of conservative activist Charlie Kirk.

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Family, friends hold candlelight vigil in honor of Giovanni Pelletier

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www.youtube.com – ABC11 – 2025-09-14 13:47:52


SUMMARY: Family and friends held a candlelight vigil in Apex to honor Giovanni Pelletier, a Fuquay Varina High School graduate whose body was found last month in a Florida retention pond. Giovanni went missing while visiting family, after reportedly acting erratically and leaving his cousins’ car. Loved ones remembered his infectious smile, laughter, and loyal friendship, expressing how deeply he impacted their lives. His mother shared the family’s ongoing grief and search for answers as authorities continue investigating his death. Despite the sadness, the community’s support has provided comfort. A celebration of life mass is planned in Apex to further commemorate Giovanni’s memory.

“It’s good to know how loved someone is in their community.”

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NC Courage wins 2-1 against Angel City FC

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www.youtube.com – ABC11 – 2025-09-13 22:43:31


SUMMARY: The North Carolina Courage defeated Angel City FC 2-1 in Cary, ending their unbeaten streak. Monaca scored early at the 6th minute, followed by Bull City native Brianna Pinto’s goal at the 18th minute, securing a 2-0 halftime lead. Angel City intensified in the second half, scoring in the 88th minute, but the Courage held firm defensively to claim victory. Pinto expressed pride in the win, emphasizing the team’s unity and playoff ambitions. Nearly 8,000 fans attended. Coverage continues tonight at 11, alongside college football updates, including the Tar Heels vs. Richmond game live from Chapel Hill.

Saturday’s win was crucial for the Courage as the regular season starts to wind down.

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