Saving on your own in one of the NC Total Retirement Plans is an important step toward retirement readiness - meaning you can replace 80% of your pre-retirement income each year throughout your retirement!
The NC 401(k) and NC 457 Plans are defined contribution plans, which
consist of your personal contributions, any employer contributions (if
applicable), and any earnings on the plan investments you’ve selected.
Features of these plans include pre-tax contributions, Roth after-tax contributions, flexible withdrawal options, and more! MANY employers offer a contribution or match for members who save on their own in the NC 401(k) or NC 457 Plans. NC 403b Program for K-12 and Community College Faculty and Staff
The NC 403(b) Program is a centrally-administered, award-winning retirement option available to K-12 public school and community college employees. On February 22, 2017, the assets, as well as the recordkeeping and communications services for the NC 403(b) Program transitioned from TIAA to Prudential Retirement®. This transition is meaningful
because it reflects the Department of State Treasurer's and the Supplemental Retirement Board of Trustee's continued ccommitment to helping Program participants achieve retirement readiness. ALL participants were sent a letter
with details about the transition on January 14, 2017. Am I saving enough for retirement?
Not sure if you need to supplement your retirement savings on your own? Your Annual Benefits Statement
will help you determine if you are saving enough for a secure retirement.