The $7.78 billion acquisition of the UK based defined benefit insurer will create a group with $158 billion in assets.
The massive measure raises taxes on certain endowments, extends the federal debt limit, makes cuts to federal benefits and much more.
The newly created North Carolina Investment Authority’s five-member board will oversee all investment activities for the state’s retirement system.
H.B. 7082, signed Monday by Ned Lamont, will bar investments in cryptocurrencies and related investments.