Neither the investment experience of the plan assets nor the amount contributed by you and the University, on your behalf, directly determines the amount of the guaranteed benefit you will receive at retirement.Employer and employee contribution percentages are established by the General Assembly.
Failure to make an election within the 60-day time period will result in automatic membership in the Teachers’ and State Employees’ Retirement System (TSERS), the defined benefit plan. Forms must be received The State Retirement System encourages all newly hired employees to log onto their ORBIT system to make their beneficiary elections. Click on ORBIT and then select “Register” if this is your first time logging in to this System and follow the instructions.As a defined benefit plan, the benefit received at retirement is determined by a formula. Reduced retirement benefits are calculated using an additional reduction factor determined by the participant’s age and years of service. Note: This blog post features a brief from page 26 of our 2018 Facts & Figures publication, contextualizing North Carolina education data with a short description of an historical feature or a critical issue in North Carolina. If you need assistance locating your Benefits Consultant, please call the HR Benefits Office at 919-515-2151 (press 2). Choose your department from the drop down menu and your Benefits consultant will be selected.
We also administer the Supplemental Retirement Plans (NC 401(k), NC 457 and NC 403(b)), retirement savings accounts designed to help public employees in North Carolina achieve their retirement goals. It is helpful if you are within a year of your retirement, as that will allow us to give you the most accurate assessment of your retirement benefits. Don’t want to wait on hold for to get a form mailed to you, or hear your account balance? The benefit amount is based on the highest 12 consecutive months of salary within the 24-month period preceding death. The North Carolina Retirement Systems is a division of the Department of State Treasurer, and we administer the pension benefits for state and local government employees. To help build a sound financial future, both the employee and the University make pre-tax contributions to the retirement system fund on a monthly basis. This means that you are eligible to apply for lifetime monthly retirement benefits based on the retirement formula, and the age and service requirements of the Retirement System in which you participate, provided you do not withdraw your contributions.To view your TSERS account, access the State Retirement Systems’ ORBIT retirement online system at: www.myncretirement.com. Retirement Systems Division Address: 3200 Atlantic Avenue, Raleigh, NC 27604 Email: nc.retirement@nctreasurer.com Phone: 1-877-NCSECURE (1-877-627-3287) Office hours/in-person form deliveries Mon-Fri, 8:00 am - 5:00 pm (currently not available) Call Center open Mon-Fri, 8:00 am - 5:30 pm NOTE: NC State will take a “general retirement” amount of 6% of base salary during the 60-day enrollment period. Retirement Systems Division Expand The division administers the statutory retirement and benefit plans that cover more than 900,000 public employees in the state. If you have questions about your retirement benefits, make an appointment with one of our benefits counselors Mon-Fri, 8 am - 5 pm. Eligible employees have 60 days from commencing employment to elect to enroll in the Optional Retirement Program. The benefit amount is no less than $25,000 and no more than $50,000.Beneficiaries will receive a refund of the employee’s contributions (with interest, if applicable).If specific age and/or years of service requirements have been met by an employee, a survivor’s alternate benefit may be paid as a life-time monthly annuity in lieu of a refund of contributions. This consequence is irrevocable. We also ask that you generate a Custom Benefit Estimate in If you are unable to travel to Raleigh for an appointment, but would like more information about the retirement benefits provided to you, we also offer The North Carolina Retirement Systems has created a Fraud and Abuse Hotline that allows citizens to report potentially fraudulent behavior by members, benefit recipients and employers in the Retirement Systems.
Failure to make an election within the 60-day time period will result in automatic membership in the Teachers’ and State Employees’ Retirement System (TSERS), the defined benefit plan. Forms must be received The State Retirement System encourages all newly hired employees to log onto their ORBIT system to make their beneficiary elections. Click on ORBIT and then select “Register” if this is your first time logging in to this System and follow the instructions.As a defined benefit plan, the benefit received at retirement is determined by a formula. Reduced retirement benefits are calculated using an additional reduction factor determined by the participant’s age and years of service. Note: This blog post features a brief from page 26 of our 2018 Facts & Figures publication, contextualizing North Carolina education data with a short description of an historical feature or a critical issue in North Carolina. If you need assistance locating your Benefits Consultant, please call the HR Benefits Office at 919-515-2151 (press 2). Choose your department from the drop down menu and your Benefits consultant will be selected.
We also administer the Supplemental Retirement Plans (NC 401(k), NC 457 and NC 403(b)), retirement savings accounts designed to help public employees in North Carolina achieve their retirement goals. It is helpful if you are within a year of your retirement, as that will allow us to give you the most accurate assessment of your retirement benefits. Don’t want to wait on hold for to get a form mailed to you, or hear your account balance? The benefit amount is based on the highest 12 consecutive months of salary within the 24-month period preceding death. The North Carolina Retirement Systems is a division of the Department of State Treasurer, and we administer the pension benefits for state and local government employees. To help build a sound financial future, both the employee and the University make pre-tax contributions to the retirement system fund on a monthly basis. This means that you are eligible to apply for lifetime monthly retirement benefits based on the retirement formula, and the age and service requirements of the Retirement System in which you participate, provided you do not withdraw your contributions.To view your TSERS account, access the State Retirement Systems’ ORBIT retirement online system at: www.myncretirement.com. Retirement Systems Division Address: 3200 Atlantic Avenue, Raleigh, NC 27604 Email: nc.retirement@nctreasurer.com Phone: 1-877-NCSECURE (1-877-627-3287) Office hours/in-person form deliveries Mon-Fri, 8:00 am - 5:00 pm (currently not available) Call Center open Mon-Fri, 8:00 am - 5:30 pm NOTE: NC State will take a “general retirement” amount of 6% of base salary during the 60-day enrollment period. Retirement Systems Division Expand The division administers the statutory retirement and benefit plans that cover more than 900,000 public employees in the state. If you have questions about your retirement benefits, make an appointment with one of our benefits counselors Mon-Fri, 8 am - 5 pm. Eligible employees have 60 days from commencing employment to elect to enroll in the Optional Retirement Program. The benefit amount is no less than $25,000 and no more than $50,000.Beneficiaries will receive a refund of the employee’s contributions (with interest, if applicable).If specific age and/or years of service requirements have been met by an employee, a survivor’s alternate benefit may be paid as a life-time monthly annuity in lieu of a refund of contributions. This consequence is irrevocable. We also ask that you generate a Custom Benefit Estimate in If you are unable to travel to Raleigh for an appointment, but would like more information about the retirement benefits provided to you, we also offer The North Carolina Retirement Systems has created a Fraud and Abuse Hotline that allows citizens to report potentially fraudulent behavior by members, benefit recipients and employers in the Retirement Systems.