In this Issue:
Total Retirement Tour Kicking Off in June The Department of State Treasurer is hosting another NC Total Retirement Readiness Tour. The tours are opportunities for state and local government employees to get information on planning for retirement and will feature NC Total Retirement Systems, Social Security Administration, NC State Health Plan, and State Employees’ Credit Union, along with a retirement readiness planning meeting for members.
Each tour stop will feature a Benefit Coordinator’s Discussion that day from 11:30 a.m. to 12:30 p.m. This meeting is exclusively for benefit coordinators to talk candidly about personal and employee successes and challenges in retirement planning.
The NC Total Retirement Readiness Tour will feature:
We’ve provided a communications kit that you can use to communicate the NC Total Retirement Readiness Tour to employees. Materials include email templates, a brief article for internal communications such as an employee newsletter or intranet, and a flyer for bulletin boards. Help employees make the most of this experience by encouraging them to bring their Annual Benefits Statement available in ORBIT.
Communication kit materials for each location are provided below:
2016 - Elizabeth City
of the Albemarle
NOTE: The Vendor Expo for the Elizabeth City event will end at 1:30 p.m.
13, 2016 - Rocky Mount
Old Carriage Rd.
27, 2016 - Asheville
that you will join us and share this information with your employees as we
focus on retirement readiness in North Carolina.
2015 Annual Benefits Statements Now Available
Public employees with more than 12 months of service as of Dec. 31, 2015, now have access to their 2015 Annual Benefits Statement (ABS) in their ORBIT account. The ABS is a unique, personalized snapshot of members’ projected sources of income in retirement.
The ABS provides a comparison of members’ projected monthly income to their projected monthly need. This helps them understand what factors contribute to their income, and how they can take action, if necessary, for a more secure retirement.
After viewing or printing their statement, members can head to the Annual Benefits Statement page of our website (link below) where they will find:
Staying current with your ORBIT Error Reports helps ensure that your employees will receive an Annual Benefits Statement each year.
More than 50 School Districts Now Offer the NC 403(b) Program
More than 50 NC public school districts now offer the award-winning NC Total Retirement Plans 403(b) Program to teachers and staff who are saving to be “retirement ready.” Is your district one? If so, encourage your teachers and staff to consider joining the NC 403(b) or, if already participating, adding 1% or 2% more to their monthly contribution. If they keep this pattern up for summers to come – the savings can really add up.
If your district does not participate in the NC 403(b), visit nctotalretirement.com (link below) to learn more about the high quality benefits of this supplemental savings option. With it, school districts can rely on NC Supplemental Retirement Board of Trustees for strong oversight, compliance monitoring, transparency and competitive fees. Don’t know if your district participates? Visit TIAA.org/NC403b.org (link below) to find out.
Need Employer Training?
The Retirement Systems Division is offering employer training in Raleigh, Elizabethtown and Newton in May and June. Click on the link below and scroll down to view the subject, date and time.
NC Open Book