Legislation

House Bill 506/ Session Law 2025-6 transfers the authority to manage investments and carry out certain other statutory duties from the State Treasurer to the newly created North Carolina Investment Authority. The Investment Authority will be led by a Board of Directors, who appoints a Chief Investment Officer to manage its affairs. The Investment Authority will be responsible for State investments, including those of the Retirement Systems. The new legislation does not change the responsibilities of the Retirement Systems’ Boards of Trustees. It does, however, end the Investment Advisory Committee as it currently exists. The Investment Authority becomes effective on January 1, 2026.

Effective Jan. 1, 2026.