The state pension system has a $16 billion deficit, NC treasurer tells legislators

NC Treasurer Brad Briner tells the House Oversight Committee about the state pension plan deficit. (Screenshot from NCGA video feed)

The state pension system has a $16 billion deficit, state Treasurer Brad Briner told a legislative committee Thursday morning, and the department’s investment division needs a new strategic direction.

Briner used his appearance before the House Oversight Committee to talk up his proposal for changing how investment decisions are made…

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