www.youtube.com – WRAL – 2025-03-24 03:49:04

SUMMARY: North Carolina’s new State Treasurer, Brad Brer, aims to make the state pension plan more aggressive to achieve higher returns, comparing the current investment strategy to driving too slowly. He suggests potentially investing in assets like Bitcoin, albeit cautiously, starting with a very small percentage despite legislative allowance for up to 10%. Brer also faces a significant deficit in the State Health Plan. His proposed solutions include seeking more funding from lawmakers and implementing a sliding scale for premium increases. He also intends to reinstate coverage for weight loss drugs, viewing them as a long-term cost-saving measure. While acknowledging the need for legislative cooperation, Brer believes his role is largely non-political.

North Carolina State Treasurer Brad Briner left a career in high finance to pursue one of the highest-pressure roles in state government. Briner oversees the state pension plan and the state health plan, which serve hundreds of thousands state government employees, retirees and their families. Briner recently spoke with WRAL’s Dan Haggerty about everything from investment strategies to coverage of weight-loss drugs. Haggerty offers highlights from their wide-ranging conversation.

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