Members of the Teachers’ and State Employees’ Retirement System (TSERS) and Local Governmental Employees’ Retirement System (LGERS) will have a one-time opportunity to transfer all or part of their NC 401(k) and/or NC Deferred Compensation (457) funds to the Retirement System in order to receive lifetime income at or after retirement. Use the quick calculator to find out if the 401 (k) / 457.

Permanent full-time employees are covered by a defined benefit plan with the North Carolina Teachers’ and State Employees’ Retirement System. Employees are required to contribute 6% of their monthly salary through payroll deduction. CMS also contributes on your behalf to the State Retirement System in an amount that is legislated annually.

Retirement System for Teachers and State Employees. § 135-1. Definitions. NC General Statutes – Chapter 135 Article 1 2 (7a) a. System for service as an employee or teacher in the unit of the Retirement System for which he is performing full-time work.

We have some amazing supplemental retirement plans available exclusively to public employees in North Carolina. The NC Total Retirement Plans 401(k), NC 457 and NC 403(b) offer diverse investment options at very competitive costs and benefit from the strong, continual oversight of the Supplemental Retirement Board of Trustees.

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local governmental employees’ retirement system january 2014 Your Retirement Benefits NORTH CAROLINA DEPARTMENT OF STATE TREASURER RETIREMENT SYSTEMS DIVISION JANET COWELL STATE TREASURER STEVEN C. TOOLE DIRECTOR Welcome to the North Carolina Retirement Systems! The Department of State Treasurer, which administers the retirement

We have some amazing supplemental retirement plans available exclusively to public employees in North Carolina. The NC Total Retirement Plans 401(k), NC 457 and NC 403(b) offer diverse investment options at very competitive costs and benefit from the strong, continual oversight of the Supplemental Retirement Board of Trustees.

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The state of North Carolina offers teachers, state employees, legislators, members of the state judicial system and local government employees a choice of retirement savings plans, as of 2014. Workers can choose a deferred-compensation retirement program that allows pre-tax contributions to be held in a retirement account invested by the state, called NC 457.

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Salary Teachers, school administrators, and non-teaching positions in NC schools are employed by local boards of education but are paid on a state salary schedule based on a number of factors. In addition to the state salary, a local supplement may be provided by the school system. Some public school employees may also receive compensation, or longevity pay, for continuing service.

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o State Law Enforcement Officers absorbed into Teachers’ and State Employees’ Retirement Fund o NC 401(k) put into effect • 1986 – Local Law Enforcement Officers included in Local Governmental Employees’ Retirement System • 1987 – October 1: Register of.

We have some amazing supplemental retirement plans available exclusively to public employees in North Carolina. The NC Total Retirement Plans 401(k), NC 457 and NC 403(b) offer diverse investment options at very competitive costs and benefit from the strong, continual oversight of the Supplemental Retirement Board of Trustees.

Medicare and the State Health Plan for Teachers and State. employee it does not carry forward into retirement. If they are eligible for State Health Plan coverage as a retiree based on years of service, they will be auto-enrolled into a plan.

By Travis Fain, WRAL statehouse reporter. Raleigh, N.C. — The Senate voted Thursday to cut back on the retirement options state employees and North Carolina teachers would have in the near future.