Retirement Planning Conferences to be Held in Ahoskie and Tarboro

The Retirement Systems Division's Educational Retirement Group has planned two conferences designed to educate North Carolina employees about retirement. Members of the Teachers' and State Employees' Retirement System and the Local Governmental Employees' Retirement System are invited to the seminars, which will take place Nov. 3 and Nov. 4 in Ahoskie and Tarboro.

State Retirement System Among Healthiest in the Country

North Carolina's largest public pension plan is among an elite few of state plans that remain more than 100 percent funded. The annual financial evaluation of the Teachers' and State Employees' Retirement System (TSERS), places North Carolina's funding ratio, or its assets divided by its liabilities, at 108 percent. TSERS provides retirement benefits for North Carolina's nearly 500,000 working and retired teachers, state law enforcement and other state employees.

Helpful Hint...

The Retirement Systems Division's Employer Education Services Unit (EESU) was established in March 2004 to educate human resources and benefits professionals on retirement-related matters. In each edition of the Retirement Monitor, the EESU will provide a "Helpful Hint" for human resources and benefits professionals based on recent questions received by the Division.

October's Helpful Hint is...Notarizing Retirement Forms: When notarizing forms, please make sure you don't cover any vital information with your notary seal. The Retirement System must be able to read all information contained on the form including the Notary's Commission Expiration Date. If this date isn't legible by the Retirement System, the form will not be accepted. Stay tuned for more helpful hints in the next edition of the Retirement Monitor.

Moore Appoints New Chief Investment Officer

State Treasurer Richard Moore has named Patricia Gerrick to his senior management team as chief investment officer and deputy state treasurer for the state's $60 billion retirement trust fund portfolio. Gerrick is the first female and first African American to hold the position for the State of North Carolina.

NCASAP Offers Government Employees Rebates for Everyday Shopping

The Triangle-based SRC, Inc. has recently implemented a new savings plan for government employees and retirees, called the North Carolina Accelerated Savings Assets Program, or NCASAP. It is a voluntary savings benefit through which North Carolina employees and retirees earn rebates from everyday shopping with participating merchants. Those funds are deposited into the savings account of the employee's choice. The program is offered in partnership with the NC Department of State Treasurer.

Revised RET-276 Now Available Online

A new revised version of the Separate Insurance Benefits Plan for Law Enforcement Officers/ Beneficiary Designation Form, form Ret-276, is now available to human resources and benefits professionals on the Employer Links web page. The form Ret-276 should be completed if a law enforcement officer wishes to name someone other than his or her spouse as beneficiary under the Separate Insurance Benefits Plan.

State Retirement System Among Healthiest in the Country

North Carolina's largest public pension plan is among an elite few of state plans that remain more than 100 percent funded. The annual financial evaluation of the Teachers' and State Employees' Retirement System (TSERS), places North Carolina's funding ratio, or its assets divided by its liabilities, at 108 percent. TSERS provides retirement benefits for North Carolina's 500,000 working and retired teachers, state law enforcement and other state employees.