The following is a checklist to guide you through the retirement process:
TSERS and LGERS employees have the option to transfer all or part of their NC 401(k) or NC 457 funds to the Retirement System to receive an additional monthly benefit. You are not required to close your NC 401(k) or NC 457 accounts upon retirement. You may also transfer other eligible retirement accounts such as an IRA or an NC 403(b) into the NC 401(k) or NC 457 plans and then transfer those funds to the Retirement System to receive the Transfer Benefit.
If you do not have a NC 401(k) or NC 457 account, you will need to create an account before you retire in order to transfer a NC 403(b) or other retirement accounts into the Retirement System to receive an additional monthly benefit. Visit the NC 401(k)/NC 457 Transfer Benefit web page for additional information. To better understand the relationship between the transferred amount and the monthly benefit, use the estimator found in your personal ORBIT account.
Receive a Form 6E confirmation letter. Once your properly completed Form 6E is received by the System, you will receive a confirmation letter listing the option you selected and the date your first benefit check will be mailed.
Review (if you are a teacher or state employee) your State Health Plan (SHP) coverage which will change from the active group to the retiree group. After the Retirement System processes your Form 6E, you will be auto-enrolled into a health plan under the SHP retiree group, and you will be sent instructions (Form HM Online, Instructions for Changing Retiree Health Coverage through the State Health Plan) explaining how to change your assigned retiree group coverage. For more information, see the Retirement Frequently Asked Question “What is auto-enrollment?” and the State Health Plan Enrollment Process for Eligible Retiring Employees web page.Receive a From 333 (Designating Beneficiary (ies) for the Contributory Death Benefit for Retired Members from the Retirement System. Please fill out this form and return it to the System only if you enrolled in the optional Contributory Death Benefit for Retired Members.
Log into ORBIT. Now that you have your first benefit payment, you have all the information you need to log into ORBIT. This system grants members 24-hour online access to their retirement account. Visit ORBIT to acquire a unique user ID and secure password. ORBIT will provide you with payment history, earnable allowance, tax documents, the option to change your address, and much more. If you are already registered in ORBIT, your existing User ID and Password will continue to work. If you have forgotten ORBIT your password, please re-register.
Make sure to verify your email address in ORBIT. Click on the tab titled "Maintain Phone/Email" and click on "Change your current phone/email address?" to add your phone and email information.
To receive important updates from the NC Retirement Systems, click on the tab titled "Sign up for Retirement emails" and fill out the online form.
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