​​Retirement Monitor - A monthly newsletter for public sector human resources and payroll specialists
 December 2017

In this Issue:


Our Holiday Office Hours ​​​​

Please note that the Offices of the State Treasurer will be closed for the Christmas holiday Monday, Dec. 25, through Wednesday, Dec. 27. We will reopen on Thursday, Dec. 28.

Please note that our offices will also be closed Monday, Jan. 1, 2018, to celebrate the New Year. We will resume normal operating hours on Tuesday, Jan. 2.



Help Your Employees Update Beneficiaries

Please encourage your employees to visit www.MyNCRetirement.com/beneficiaries for information about how to update their beneficiaries for the NC pension plan, supplemental retirement plans, NC Flex plans, and other retiree offerings. It is important that each employee review their beneficiaries regularly because payouts are governed by the beneficiary designation on file with each different plan provider.


Time is running out! Correct any outstanding Employer Payroll Errors before December 31!

All outstanding ORBIT reporting errors should be submitted no later than December 31, 2017. Failure to provide a timely response may result in either an incorrect, or missing, myNCRetirement Statement for your employees!

Not sure who your Employer Reporting Team representative is, or have other questions? Call 877-NC-SECURE (877-627-3287), and select option 3 from the main menu.



New Resources Coming in 2018


We want to help make onboarding new employees easier!

The Retirement Systems Division is working on some New Hire Orientation materials that can help employees better understand all of the retirement benefits they can receive as public servants.

First, we’re rolling out an ORBIT welcome flyer which you can view and download here. This flyer will teach your new employees about the benefits of creating an ORBIT profile so they can manage their pension account online, day or night! What does that mean for you? No more printing, storing, distributing, collecting and mailing paper forms to our offices!

Instead of handing a new employee forms, simply provide the employee with a copy of the ORBIT welcome flyer! This administrative change will save everyone a lot of time and energy!

Throughout 2018 we’ll be turning that one flyer into a more comprehensive welcome kit that gives employees information about all of the benefits managed by the Department of State Treasurer, such as the Supplemental Retirement Plans, State Health Plan and NCCash program. As these new materials are created, we’ll keep you informed about where to find them so your job of onboarding new employees is easier than ever!



Upcoming Employer Training


TSERS Employer Training – January 17, 2018

The Retirement Systems Division is offering a TSERS employer training in Raleigh at the offices of the NC Department of State Treasurer at 3200 Atlantic Avenue in Raleigh, Kitty Hawk Conference Room, later this month. This conference will also be simulcast live. Click here and go toward the bottom of the page for additional information and registration links.