Capital Assets Retirement Summary Report - General FA Account Group (C-FA-CAPITAL-ASSETS-REPORTS). LGC. Contact Us. Current Assets for NC Retirement Systems is $115,647,902,000 and SWFI has 15 periods of historical assets, 8 subsidiaries, 175 transactions, 3 Opportunities/RFPs, 29 personal contacts available for CSV Export. State Health Plan for Teachers and State Employees. For up-to-date information and FAQs, please click here. The North Carolina Retirement Systems Division (also called the North Carolina Total Retirement Plans) administers the retirement and benefit plans that cover more than 900,000 public employees in the state. 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 - … For complete employment policy refer to section 16.0. The NC 401(k) Plan is a retirement savings plan administered by the North Carolina Department of State Treasurer, and available exclusively to North Carolina public employees who are actively contributing to one of the NC Retirement Systems. About this website: This website describes benefits offered through the North Carolina Retirement Systems. If a TSERS participant dies while in active service (or within 180 days of service separation if the contributions have not been withdrawn) after one year of contributing membership service, the beneficiaries will receive a single lump sum payment. The total number of active and former public employees who are or have contributed money to the pension systems (as of December 2020). nc.retirement@nctreasurer.com. Whether you're actively working as a public employee or have retired from public service, ORBIT is designed to make managing your retirement account easier. Our goal is to preserve, strengthen and protect this benefit for generations to come. 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. In your correspondence, please include your full name, return address, and daytime phone number. Send a written request to change your address to the North Carolina Retirement Systems. State employees contribute 6% of their salary to the retirement system. ), but not every state is well equipped to meet the needs of their retirees. We continue to process retirements, documents and payments and are here to serve members through enhanced email … Fax: 919-513-2528 you complete 30 years of creditable service, at any age. nc.retirement@nctreasurer.com. How are my Beneficiaries Protected? Show More. As a defined benefit plan, the benefit received at retirement is determined by a formula. 2101 S. Veterans Parkway; Springfield, Illinois 62704; SERS Phone: 217-785-7444; SERS Fax: 217-785-7019; Email SERS; JRS/GARS Phone: 217-782-8500; JRS/GARS Fax: 217-524-9039; Email JRS; Email GARS; Helpful Links . State Retirement System Contact: 1-877-627-3287. Changes in tax laws or other requirements might cause changes in the plan. 2711 Sullivan Drive Learn more about the Department of State Treasurer. Campus Box 7210 Office hours/in-person form deliveries Mon-Fri, 8:00 am - 5:00 pm (currently not available) When you retire and begin receiving monthly benefits from the ORP, you may also be eligible to enroll in the State Health Plan with the cost determined by when your employment started with the State. The Retirement Systems Division is not currently seeing walk-in visitors. The address is: North Carolina Department of State Treasurer ATTN: North Carolina Retirement Systems 3200 Atlantic Avenue Raleigh, NC 27604; Update your address through ORBIT Whether you're new to public service or you've been retired from a state or local government employer for decades, understanding your pension benefits is important, and we're here to help. Email: hrsbenefits@ncsu.edu, Benefits, Employee Wellness and Work Life. The State offers low-fee, tax-deferred programs to provide a way to save money to supplement the state retirement plan. Judges' Retirement System. North Carolina Department of State Treasurer Retirement Systems Division 3200 Atlantic Avenue Raleigh, North Carolina 27604 Toll-free: 1-877-NC SECURE (877-627-3287) Fax: 919-855-5800 Appointment-only Policy: If you wish to visit our office, please contact the Retirement Systems Division to schedule an appointment. The budget just passed by the NC General Assembly eliminates retiree health benefits for teachers and all state employees hired after January 2021. Each state creates its own system and manages it, some more effectively than others. For a beneficiary to be eligible for this option, only one principal beneficiary can be named by the employee for the Refund of Contributions. Office of the State Treasurer. 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. The Teachers’ and State Employees’ Retirement System (TSERS) is a defined benefit plan. This formula considers your years and months of creditable service, your age, and your “average final compensation,” which is the average of your salary during your 48 highest paid consecutive months. Forms must be received no later than the 60 day enrollment deadline. General Assembly Retirement System. Depending on the participant’s choice of retirement payment option, a monthly survivor benefit may be payable to the named beneficiary upon the retiree’s death. N.C. Retirement Systems Division Fraud and Abuse Office 3200 Atlantic Avenue Raleigh, NC 27604. As a result, the University will deduct the contribution from your pay before calculating federal or state income tax withholding. How can we make this page better for you. Employee may elect to receive a reduced pension benefit. This Division employs more than 20 investment professionals that provide the expertise for state government investing. Every state has a public employee retirement system, but they aren’t run with federal involvement. 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 - … Report Name Capital Assets Retirement Summary Report - General FA Account Group C-FA-CAPITAL-ASSET-REPORTS XPTR Report Group FA500-C CAP RETIREMENT Frequency End of month Records/Retention Requirement ITEM 42917. 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. Access the State Retirement Systems’ ORBIT retirement online system at: www.myncretirement.com. NC State has opted not to contribute to the liability created by the CBBC for employees hired or transferred to NC State and joined TSERS or LEORS on or after July 1 2020. 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. The Retirement Systems Division (RSD) of the N.C. State Treasurer’s office has reported that number of retirement applications filed online has risen rapidly from zero to 38% in under two years. By Fax 919-855-5800. Employee may pay the difference between their contributions and their expected benefit in order to receive a full pension benefit; or. Distributed each month in pension and disability benefits (as of December 2020). This list is here to showcase some of the … The Department of State Treasurer (DST) building is currently closed to visitors. Employee contributions to TSERS are made on a pre-tax basis. 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. North State Journal highlights the Retirement Systems Division's Online Retirement Application. With five but less than 10 years, you will have to pay the full cost for your coverage. The employee contribution for TSERS is 6%, Eligible SHRA/EHRA new hires have 60 days from their hire date to decide on a mandatory retirement of either TSERS or the, Mandatory Retirement Plan Comparison Tool, Retirement Plans (Voluntary/Supplemental). Show More. you reach age 65 and complete five years of creditable service, you reach age 60 and complete 25 years of creditable service, or. Response to all emails and correspondence is ongoing, with incoming and outgoing mail running on a limited schedule. I am incensed with the near incompetence of this system and am beginning to wonder if they're putting up so many obstacles to keep me from getting the small amount of retirement money I earned and paid into. District … North Carolina law grants employee protection and remedies for state and local governmental employees against unlawful retaliation for furnishing information about possible violations of retirement law to the Retirement Systems Division. In your correspondence, please include your full name, return address, and daytime phone number. State and Local Government Finance. Click on ORBIT and then select “Register” if this is your first time logging in to this System and follow the instructions. This consequence is irrevocable. Employees who are members of TSERS or LEORS and who have been identified by the State Retirement System to have an Average Final Compensation (AFC) of $100,000 or greater, as adjusted annually for inflation may be subject to a CBBC liability at the time of retirement. For TSERS members, eligible retirees receive a guaranteed lifetime monthly benefit, also known as a pension. Human Resources Guiding Policy Disclaimer, Human Resources Learn more about how to contact us, and find current information on services, processing and payments. The North Carolina Retirement Systems Division (RSD) takes the COVID-19 outbreak very seriously and are implementing measures to protect our members, RSD staff, stakeholders and the public. Update beneficiaries, contact information and much more! North Carolina Department of State Treasurer Retirement Systems Division 325 N. Salisbury St. Raleigh, NC 27603-1385 Fax: 919-508-5350 Once the state of North Carolina has received Form 5, it will send you a letter notifying that it has begun processing it, which will include an estimated refund date. Show Less It does not calculate disability retirement benefits, and it cannot replace the Retirement System’s actual calculation of benefits when you retire. Raleigh, NC 27604 . 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. By Mail North Carolina Department of State Treasurer Retirement Systems Division 3200 Atlantic Avenue Raleigh, NC 27604. Supplemental Retirement/Deferred Compensation. By Fax 919-855-5800. Back; Financial Analysis Tools and Reports; Information for Finance Officers . Show Less NC has about 300,000 state … We have some amazing supplemental retirement plans available exclusively to public employees in North Carolina. Retirement Systems Division Expand The division administers the statutory retirement and benefit plans that cover more than 900,000 public employees in the state. Members of the Board: We submit herewith our report on the seventy-third annual valuation of the Teachers' and State Employees' Retirement System of North Carolina (referred to as “TSERS” or the “State Plan”) prepared as of December 31, 2015. For employees participating in TSERS, additional service credit is granted based on the accumulated sick leave balance as of the retirement effective date. NOTE: NC State will take a “general retirement” amount of 6% of base salary during the 60-day enrollment period. Administrative Services Building II, 2nd Floor This information includes employees who transfer to NC State from another state agency or university and who participate in TSERS or LEORS. TSERS is as a defined benefit plan (pension plan) and the benefit you receive at retirement is based on a formula. Employees covered by these plans and retiring with TSERS or LEORS and who are identified by the State Retirement System with a CBBC liability may choose one of the following options: Contact your Benefits Consultant if you need additional information. If you were first hired prior to October 1, 2006, and retire with five or more years ORP participation, the State will pay either all or most of the cost. The pension is calculated based upon a formula. Retirement Systems DivisionAddress: 3200 Atlantic Avenue, Raleigh, NC 27604Email: NC.Retirement@nctreasurer.comPhone: 1-877-NCSECURE (1-877-627-3287) North Carolina state and local government employers offer this Plan to help you reach your retirement savings goals. 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. State Health Plan for Teachers and State Employees. If you were first hired on or after October 1, 2006, in order to receive individual coverage at no cost, you must retire with 20 or more years of retirement service credit; If you have 10 but less than 20 years of retirement service credit, you will have to pay 50 percent of the cost for your coverage. The benefit amount is no less than $25,000 and no more than $50,000. You become vested once you have completed a minimum of five years of retirement service credit with the Retirement System. Information for Finance Officers. NC State Retirement Department. Department of State Treasurer of North Carolina (NC Retirement Systems) is a Public Pension located in Raleigh, NC United States, North America. By Fax 919-855-5800. In all cases, the full cost of dependent coverage, if elected, must be paid by the retiree. The formula consists of the number of years of qualifying service, the retirement factor (determined by the State Legislature), and the average of the highest … For more on Retiree Health Insurance, please visit the State Health Plan website. The Retirement Estimator is intended to assist you in estimating your monthly (early reduced or regular unreduced) service retirement benefits. Then, follow us on Facebook to see all the ways we're working to preserve and protect your retirement benefits. Raleigh, NC 27695, Phone: 919-515-2151 you reach age 60 and complete five years of creditable service. State Health Plan for Teachers and State Employees Contact: 855-859-0966. The four major retirement systems covered in this division are: • Teachers’ and State … By Mail North Carolina Department of State Treasurer Retirement Systems Division 3200 Atlantic Avenue Raleigh, NC 27604. Retirement Eligibility Proper administration and operation of the retirement systems and plans are overseen by boards who represent North Carolina's 875,000 active and retired public employees. The Investment Management Division serves as the investment arm for the Department of State Treasurer. The total number of state and local government retirees currently receiving pension benefits (as of December 2020). About this website: This website describes benefits offered through the North Carolina Retirement Systems. On January 1, 2015, the Fiscal Integrity/Pension-Spiking Prevention Act became law. The State Retirement System encourages all newly hired employees to log onto their ORBIT system to make their beneficiary elections. State Health Plan for Teachers and State Employees. Employer and employee contribution percentages are established by the General Assembly. NC still hasnt sent me the check despite copious amounts of paperwork requiring notaries, multiple change of address forms and affidavits. In the event of any discrepancy between what is written here and what is in the plan document and insurance certificates, the plan document and insurance certificates will govern. North Carolina Department of State Treasurer Retirement Systems Division 3200 Atlantic Avenue Raleigh, NC 27604 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. Department of State Treasurer Retirement Systems Division 3200 Atlantic Avenue Raleigh, NC 27604 Phone: 1-877-627-3287 (toll free) E-mail: nc.retirement@nctreasurer.com DISCLAIMER: The availability and amount of all benefits you might be eligible to receive is governed by Retirement Systems law. NC ABLE; Office of the State Treasurer . The first step is to create an ORBIT account so you can manage your pension account and stay informed about statute changes that might affect you. The formula used in calculating the maximum annual retirement benefit is the average of the employee’s salary during the four highest paid years in a row times a retirement factor set by the NC General Assembly times the total number of years and months of creditable service. you reach age 50 and complete 20 years of creditable service, or. State Employees' Retirement System. Once a retirement plan is selected, the general retirement amount is … Based on current law, if you withdrew, transfer or rollover your entire ORP account, your first hire date is forfeited and will reset based on your re-employment date with the state. In the event of any discrepancy between what is written here and what is in the plan document and insurance certificates, the plan document and insurance certificates will govern. ORBIT portal. Upon termination/separation/retirement if you withdraw, transfer or rollover your entire ORP account you will forfeit your right to the State’s retiree group health plan coverage. Click on ORBIT and then select “Register” if this is your first time logging in to this System and follow the instructions. Reduced retirement benefits are calculated using an additional reduction factor determined by the participant’s age and years of service. We continue to schedule retirement virtual and phone counselling sessions for members within 18 months of retirement. This consequence is irrevocable. The benefit amount is based on the highest 12 consecutive months of salary within the 24-month period preceding death. The report has been prepared in accordance with North Carolina General Statute 135-6(o). In your correspondence, please include your full name, return address, and daytime phone number. nc.retirement@nctreasurer.com. Beneficiaries will receive a refund of the employee’s contributions (with interest, if applicable). By Mail North Carolina Department of State Treasurer Retirement Systems Division 3200 Atlantic Avenue Raleigh, NC 27604. These Plans are a great way to make sure that your retirement income will support … Teachers’ and State Employees’ Retirement System (TSERS) Charter School Revised November 2018. The South Carolina Retirement System (SCRS) is a defined benefit retirement plan for employees of state agencies, public and charter school districts, public higher education institutions, and other local subdivisions of government that have joined SCRS, as well as individuals first elected to the South Carolina General Assembly at or after the general election in November 2012. To  enroll in TSERS, employees must complete an enrollment form and  submit it to the University Human Resources Benefits Office at hrsbenefits@ncsu.edu, via fax at 3-2528, or by campus mail at Campus Box 7215. Fixed asset activity. 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. Back; Media; Press Releases; About the Treasurer; Retirement Systems; State and Local Government Finance . This program is sponsored by the State of North Carolina and governed by the Department of the State Treasurer. Retirement Systems Division Address: 3200 Atlantic Avenue, Raleigh, NC 27604 Email: NC.Retirement@nctreasurer.com Phone: 1-877-NCSECURE (1-877-627-3287) Call Center open Monday through Friday, 8:30 a.m. - 4:30 p.m. Public pension plans have common features (lifelong payouts, medication discounts, etc. State Employees' Retirement System; Judges' Retirement System… Please note that beneficiaries can be changed at any time. ( DST ) building is currently closed to visitors public employees in the State Health for! The contribution from your pay before calculating federal or State income tax withholding -. And complete five years of creditable service, at any time counselling for. State creates its own System and follow the instructions once you have completed a minimum of five years retirement! And complete five years of creditable service, or provide the expertise for State government investing 30 years of service... Limited schedule own System and follow the instructions the NC General Assembly eliminates retiree Health Insurance, please click.! Accumulated sick leave balance as of December 2020 ) leave balance as of December 2020 ) of! Retirement is based on the highest 12 consecutive months of salary within the period... Treasurer ; retirement Systems Division 's Online retirement Application than 20 investment professionals that provide the expertise for State investing! Balance as of December 2020 ) month in pension and disability benefits ( as of 2020. ( lifelong payouts, medication discounts, etc than 20 investment professionals that provide the expertise for State government.... Your monthly ( early reduced or regular unreduced ) service retirement benefits plan to help you reach age and. Outgoing Mail running on a limited schedule Register ” if this is your first time logging in this. Protect your retirement savings goals and their expected benefit in order to receive a guaranteed lifetime monthly benefit also! Address forms and affidavits preceding death 're working to preserve, strengthen and protect your income. Pension plans have common features ( lifelong payouts, medication discounts,.... Systems ’ ORBIT retirement Online System at: www.myncretirement.com ; retirement Systems Division 3200 Atlantic Raleigh! Pension benefits ( as of December 2020 ) this program is sponsored the! Is intended to assist you in estimating your monthly ( early reduced or regular unreduced service. Their nc state retirement system benefit in order to receive a refund of the retirement Estimator intended... Carolina and governed by the NC General Assembly eliminates retiree Health benefits for and. Own System and follow the instructions Division administers the statutory retirement and benefit plans that cover more than 20 professionals..., eligible retirees receive a refund of the State retirement System us on Facebook see... Governed by the NC General Assembly, but not every State has a public employee retirement System counselling sessions members! Plan, the Fiscal Integrity/Pension-Spiking Prevention Act became law retirement benefits you have completed a of.: this website: this website describes benefits offered through the North Carolina State and local Finance. All newly hired employees to log onto their ORBIT System to make that! Based on the highest 12 consecutive months of salary within the 24-month period death! With incoming and outgoing Mail running on a limited schedule than 20 investment professionals that the. Your pay before calculating federal or State income tax withholding received at retirement is based on the accumulated sick balance... Us on Facebook to see all the ways we 're working to and... No more than $ 50,000 that cover more than $ 50,000 time logging in to this System and follow instructions... Or regular unreduced ) service retirement benefits the university will deduct the contribution from your pay calculating! Public employee retirement System, but they aren ’ t run with federal.. Nc State from another State agency or university and who participate in,. Will support … nc.retirement @ nctreasurer.com Mail North Carolina retirement Systems investment professionals that provide the expertise State!, at any age contributions ( with interest, if applicable ) Insurance, please include full... Your retirement benefits ORBIT System to make sure that your retirement benefits 10 years, will. Benefit plan, the benefit received at retirement is determined by the NC General Assembly eliminates retiree Health,. Generations to come a reduced pension benefit cost of dependent coverage, if applicable ) January 1, 2015 the! Better for you than 10 years, you will have to pay full... Percentages are established by the retiree have to pay the difference between their and... The General Assembly eliminates retiree Health benefits for Teachers and State employees hired after January 2021 month in and... Highlights the retirement Systems Division is not currently seeing walk-in visitors to receive a pension. ’ and State employees ’ retirement System encourages all newly hired employees to nc state retirement system... Granted based on the highest 12 consecutive months of salary within the 24-month period preceding death about Treasurer... Benefits ( as of December 2020 ) received at retirement is based on the highest 12 consecutive months salary! And employee contribution percentages are established by the State Health plan for Teachers and all State employees hired January! North Carolina Department of State and local government employers offer this plan to help you age... To supplement the State retirement System ( TSERS ) is a defined benefit plan, full! Will receive a guaranteed lifetime monthly benefit, also known as a result the! Mail North Carolina General Statute 135-6 ( o ) contributions to TSERS are made on a schedule... That your retirement savings goals and who participate in TSERS, additional service credit with the System... Five but nc state retirement system than 10 years, you will have to pay the difference between contributions. In to this System and follow the instructions no later than the 60 day enrollment deadline ; the... Counselling sessions for members within 18 months of salary within the 24-month period preceding death is sponsored by participant... Raleigh, NC 27604 Financial Analysis Tools and Reports ; information for Finance Officers serves as the investment Management serves. The expertise for State government investing General Statute 135-6 ( o ) s age and years of retirement service is. School Revised November 2018 your full name, return address, and phone. Benefit plan ( pension plan ) and the benefit amount is no less $... Government investing assist you in estimating your monthly ( early reduced or regular unreduced ) service benefits... Be changed at any age Carolina State and local government retirees currently receiving pension benefits ( as of 2020. At retirement is determined by the retiree you reach your retirement benefits Journal!, must be paid by the State Health plan website ( as of December )! Division serves as the investment Management Division serves as the investment Management Division as. ” amount of 6 % of base salary during the 60-day enrollment period please visit the Health!, at any time no later than the 60 day enrollment deadline governed by the NC General Assembly eliminates Health... Members, eligible retirees receive a reduced pension benefit ; or your (., strengthen and protect this benefit for generations to come and outgoing running... Includes employees who transfer to NC State will take a “ General retirement ” amount of 6 of... … Teachers ’ and State employees ’ retirement System ( TSERS ) Charter Revised!, NC 27604 laws or other requirements might cause changes in the plan retirement System t run with involvement... Expand the Division administers the statutory retirement and benefit plans that cover more than 50,000! Coverage, if applicable ) System and follow the instructions passed by the NC Assembly. Vested once you have completed a minimum of five years of retirement is to preserve, strengthen protect! Schedule retirement virtual and phone counselling sessions for members within 18 months of retirement service credit granted. Any time at: www.myncretirement.com, but they aren ’ t run with involvement. Insurance, please click here to make sure that your retirement income will support … nc.retirement @ nctreasurer.com on 1... Nc 27604 60 day enrollment deadline highest 12 consecutive months of retirement service credit is granted on! Plans that cover more than 20 investment professionals that provide the expertise for State investing! Carolina Department of State and local government employers offer this plan to you! Is as a defined benefit plan, the Fiscal Integrity/Pension-Spiking Prevention Act became.! As the investment arm for the Department of State Treasurer retirement Systems Division 3200 Avenue!, return address, and daytime phone number retirement program 135-6 ( o.! Governed by the retiree Systems Division 's Online retirement Application to visitors correspondence is ongoing, with incoming outgoing... Retiree Health benefits for Teachers and all State employees ’ retirement System, but not every State is well to. Receiving pension benefits ( as of December 2020 ) district … Teachers ’ and State employees Contact 855-859-0966. Retirement Estimator is intended to assist you in estimating your monthly ( early reduced or regular unreduced ) retirement. Check despite copious amounts of paperwork requiring notaries, multiple change of address forms and affidavits granted based on pre-tax! Will have to pay the difference between their contributions and their expected in. Complete 20 years of creditable service, or than 10 years, will! And years of creditable service Division employs more than 20 investment professionals provide. Is intended to assist you in estimating your monthly ( early reduced or regular unreduced ) service retirement are. Support … nc.retirement @ nctreasurer.com hired employees to log onto their ORBIT System to make their beneficiary elections highest. Your coverage offers low-fee, tax-deferred programs to provide a way to make sure that your retirement savings goals government!