Familiarize yourself with the benefits available to you as a member of the North Carolina Retirement Systems. Stay up to date on the news and information that affects your benefits, access your personal retirement account forms and benefit estimators through ORBIT to plan your long-term financial future.
Factors for Calculating Options 2, 3, 4, 6-2 and 6-3 are Changing Effective January 1, 2017
If you are contemplating retirement in the very near future, and are choosing options 2, 3, 4, 6-2 or 6-3, you may be affected by an upcoming change to the factors used in the calculation of your retirement benefit.
Every five years, through what is known as an Experience Review, the actuarial assumptions of the North Carolina Retirement Systems are reviewed. The latest Experience Reviews, for all Retirement Systems, were presented to the Boards of Trustees and adopted on October 22, 2015. Various demographic and economic assumptions were reviewed and updated to reflect actual experience for the previous five years. As a result, the factors used for calculating survivorship options 2, 3, 6-2 and 6-3, and option 4, may change for retirements effective on and after January 1, 2017. This process will not affect the calculation of the Maximum Allowance.
To see if this will affect your retirement benefit, you may wish to visit ORBIT
to use the online retirement estimator. For your convenience and planning, you can obtain estimates for both this year and next to see what effect, if any, the new factors have on your benefits.
2015 Annual Benefits Statements Are Now Available!
If you are a current North Carolina public employee with more than 12 months of service, your 2015 Annual Benefits Statement (ABS) is in your ORBIT account, and you can begin planning your retirement today! Your ABS is a unique, personalized snapshot of your projected sources of income in retirement.
It lists service in the NC Retirement Systems as of Dec. 31, 2015, estimated retirement benefits from your pension, estimated Social Security income, and your contributions to the NC 401(k), NC 457 Plans, and the NC 403(b) Program. The statement also calculates any outside assets or pensions that you entered into the Retirement Income Calculator on the Prudential site. These combined assets will be calculated into your projected monthly income, too.
- A User Guide training tutorial
- Frequently Asked Questions
- An animated video about the Annual Benefits Statement
- Links to resources for all ages and career stages
Conference Planning Videos
If you’re a member of the Teachers' and State Employees' Retirement System or the Local Governmental Employees’ Retirement System and are nearing retirement, the Retirement Systems has posted Retirement Planning videos on its website to help you understand the process.
The videos address all topics covered during a Retirement Planning Conference. If you’re unable to attend a conference, or would like to review what you saw at a conference you attended, visit one of the websites below today:
Guides for Members Nearing Retirement