Wednesday, March 19, 2025

Governor’s Proposed Budget Does Not Fully Fund State Retirement System

Raleigh, N.C.
Mar 19, 2025

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.

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