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Gov. Josh Stein Signs Six NC Bills Into Law
- On Friday, June 13, 2025, Governor Josh Stein approved six new laws, including House Bill 506, which implements significant changes to the management of North Carolina’s state pension fund.
- The legislation followed unanimous bipartisan passage in the General Assembly to address poor investment returns and modernize oversight of the $127 billion pension fund.
- Starting January 1, 2026, investment management responsibilities currently held by the state treasurer will be transferred to a newly established body consisting of five financial professionals, as mandated by House Bill 506.
- State Treasurer Brad Briner remarked that historically, investment decisions have reflected the individual views of whoever holds the office, and noted that improving returns by just 1% could generate an additional $2 billion annually.
- The new law expands investment flexibility, aims to improve returns for taxpayers and retirees, and reflects a shared belief Stein and Briner expressed that involving more voices strengthens oversight.
14 Articles
14 Articles
Watauga Democrat
Five-member investment authority created for $127B pension fund
(The Center Square) – Legislation designed to produce higher investment returns on North Carolina’s $127 billion in pension funds was signed by Gov. Josh Stein on Friday.
New NC law creates investment oversight board for public retirement funds New NC law creates investment oversight board for public retirement funds
At a bill signing ceremony at the governor’s mansion Friday morning, North Carolina Gov. Josh Stein signed three new measures into law: House Bill 506, the 2025 State Investment Modernization Act; Senate Bill 155, the Social Work Interstate Licensure Compact; and House Bill 50, expanding options for the Law Enforcement Officers Special Separation Allowance. 2025 State Investment Modernization Act Filed in March, the legislation establishes the …
Treasurer, governor expect higher returns for state pension fund under new law
Governor Josh Stein has signed into law a major overhaul of how the state pension fund is managed. Its supporters say the changes will lead to better investment returns on the $127 billion fund.
Gov. Josh Stein signs six NC bills into law
RALEIGH, N.C.(WNCN) — Before heading into the weekend, North Carolina Governor Josh Stein put his support behind six bills. House Bill 506 creates the North Carolina Investment Authority, which is tasked with overseeing state investments, taking some responsibility away from the state treasurer. The authority would be responsible for managing investments for retirement systems and the General Fund. "We're changing the degrees that we're headed b…
Governor Stein Takes Action on Several Bills (State of North Carolina)
) Friday, June 13, 2025 Governor Stein Takes Action on Several Bills Raleigh, NC Jun 13, 2025 Today Governor Josh Stein signed six bills into law. Governor Stein made the following statement on his signing of House Bill 506: 2025 State Investment Modernization Act: "This bill puts North Carolina in line with the rest of
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